1. The specific audit objective for the audit of investments, investment revenues, and realized and unrealized gains and losses, are reported at proper amounts, relates to the:
a) Completeness assertion.
b) Rights and obligations assertion.
c) Valuation or allocation assertion.
d) Existence or occurrence assertion.
2. The auditor's special report on financial statements prepared on an OCBOA should contain all of the following EXCEPT:
a) An introductory paragraph.
b) An explanatory paragraph.
c) A scope paragraph.
d) An exclusion paragraph.
3. Whether the system is protected against unauthorized physical and logical access defines:
a) System verifiability.
b) System availability.
c) System security.
d) System integrity.
4. The use of the computer to compare production hours to direct labor hours on daily production reports relates to the:
a) Existence or occurrence assertion.
b) Completeness assertion.
c) Valuation or allocation assertion.
d) Rights and obligations assertion
5. The specific audit objective that all purchases and cash disbursements made during the period were recorded relates to:
a) Rights and obligations.
b) Completeness.
c) Existence or occurrence.
d) Presentation and disclosure.