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 ) True False
10 . The revenue cycle considered by auditors includes the sales process but not collections . ( Points : 4 )
True