Question: All audits have critical path, but auditors seldom recognize it as such without the aid of network analysis. In the auditing of liabilities, the following

All audits have 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 Mall confirmations 12 2-6 Process confirmations 39 6-7 Investigate debit balances 5 1-3 Vouch selected liabilities 64

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1. To take in the necessary information,

7. Find four examples that illustrate the statement: Beyond a certain point, open-ness regarding information and communication can become detrimental to relationships.

2. In this chapter, the reader should reflect on the following concepts: