ACC 562 help A Guide to career/uophelp.com ACC 562 help A Guide to career/uophelp.com | Page 2

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)