a c. d. e. Answer Choose the best answer for each of the following questions. 1. During a session a hedging example involving the future price of apples was considered. This was used in considering which piece of the coso internal control framework? Control environment. The entity's risk assessment process. Control activities. The information system. Monitoring of controls B 2. Tracing sales invoices to the Sales Journal to see if billed it are entered into the accounting system, is what type of evidenc Analytical review b. Confirmation Inspection of documents and records d. Reperformance None of the above 3. Auditors often follow a "cycle" approach to the gathering of evidence. of the following accounts, which typically would NOT be part of the sales cycle? Accounts Receivable Allowance for doubtful accounts Sales Sales returns and allowances All would be part of the Sales Cycle. C. Answer c. e. Answer 4. "All purchases that were recorded, took place." involves which management assertion? a. b. c. d. Occurrence classification Completeness Accuracy