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True False 5. Accounting subsystems are accounting cycles composed of one or more accounting applications. (Points: 4) True False 6. Presentation and disclosure assertions imply that all transactions and balances are properly presented, disclosures represent what actually happened, and the footnote disclosures are appropriate and adequate. (Points: 4) True False 7. Vouching recorded transactions involves taking a sample from the journal and tracing them back to the source documents to ensure they occurred. (Points: 4) True False 8. Audit documentation serves as support for the financial statements. (Points: 4) True False 9. In analysis of the results of audit sampling, an auditor may determine that the sample size must be increased. (Points: 4)