Question: 2,12,39,5,etc. are the given time to each 4. PERT NETWORK. All audits have a critical path, but auditors seldom recognize it as such without the

2,12,39,5,etc. are the given time to each 4. PERT NETWORK. All audits2,12,39,5,etc. are the given time to each

4. PERT NETWORK. All audits have a critical path, but auditors seldom recognize it as such without the aid of network analysis. In the auditing of liabilities, the following activities and estimated times have been identified: 0-1 Obtain schedule of liabilities 2 1-2 Mail confirmations 12 2-6 Process confirmations 39 6-7 Investigate debit balances 5 1-3 Vouch selected liabilities 64 3-4 Test accruals and amortization 4 1-4 Test pension plan 4. 4-5 Reconcile interest expense to debt 8 5-7 Verify debt restriction compliance 5 7-8 Review subsequent payments 10 REQUIRED: a. The PERT Network, identifying the critical path and including slack times

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