20. When auditing a firm with un integrated computer system it is important to compare data on separate files. 21, A comfort letter is a letter to shareholders regarding compliance with the Securities Act of 1933. 22. Personal financinl statements include an Income Statement and Balance Sheet. -23. To verily the account, "Appropriation of Remained Earnings For Plant Expansion", an auditor would ask the compuny CFO to verify the appropriation, 24. An organization that manages the legal records which include the names of the shareholders of a company is the specialist on the stock exchange. 25. The transactions involving purchase orders being received by other companies should be reconciled by comparing the accounts payable ledger with the sales journal, 26. The issuance of long-term debt is authorized by the bond holders 27. Using Figure 9.4 with a risk of assessing control risk too low, assume that auditors. expect the deviation rate in the population to be 1%, and a 7% tolerable deviation rate to justily their plunned assessed level of control risk related to the control. Under these assumptions, the sumple size would be 156 which must contain no more than 2 control deviations. 28. Based on the questions above, instead three (3) deviations are found in the sample. Using Figure 9.5. the tolerable deviation rate would be increased to 11.5 %. 29. The database administrator in the IT Dept, of a company runs and monitors central computers in accordance with standard instructions. 30. Evidence of property ownership is best obtained by reviewing construction contracts used to build the company facilities.