I need help answering

It was confirmed that a purchasing agent benefits personally by accepting payment from a vendor. Which of the following acts is the purchasing agent guilt of? O Performing kiting O Committing embezzlement O Receiving kickbacks O Misappropriation of assetsStatement 1: Sending disbursement slips to suppliers is an activity under the revenue and collection cycle. Statement 2: The auditor traces recorded sales to invoices. sales orders and shipping documents in order to substantiate the completeness assertion of the client. 0 Only Statementl is true. 0 Only Statement 2 is true. 0 Both statements are true. 0 Both statements are false. Which of the following statements about issued bonds is false? * They may be issued to finance major expansions of the entity They may be issued to refinance existing debt O They account for majority of the organization's transactions O They are generally highly material to the financial statementsAs part of the activities in the revenue and collections cycle. a buyer places an order for the entity's product. What step should be taken before the order is verified with the inventory division as available? 0 Packing list should be generated for the warehouse. O A sales order should be written and led. 0 Notifyr shipping department about an order in process 0 Customer's credit standing must be evaluated for sales on account. Which of the following is not typically included in the audit of the client's debt obligations? 0 Interest expense 0 Interest income 0 Note payables 0 Bond payables Credit approval policies are implemented by entities that provide installment payments primarily to: 0 Determine revenue recognition policies and protocol 0 Ensure overall customer satisfaction 0 Prevent lapping by the Treasury Department 0 Ensure the realization of accounts receivables Statement 1 : Tracing shipping documents to prenumbered sales invoices provides evidence that shipments to customers are properly invoiced. Statement 2: A bank lockbox system would reduce the risk of diversion of customers receipts by an entity's employees. 0 Only Statementi is true 0 Only Statement 2 is true 0 Both statements are true 0 Both statements are false. Completeness of a client's revenue may be tested through the selection of a sample of which of the following documents? 0 Shipping documents and tracing them to the salesjournal 0 Accounts receivable and tracing them to cash receipts 0 Recorded sales transactions and tracing them to the general ledger 0 Inventory records and tracing them to the shipping documents Statement 1: The sales invoice is the basic document created in the billing process. Statement 2: Received goods to be counted and checked under quality control is an activity under the revenue and collection cycle. O Only Statement 1 is true Only Statement 2 is true O Both statements are true O Both statements are false.Confirmation from the client's banks provide strong evidence about which of the following? O Existence of receivables Completeness of receivables Presentation and disclosure of receivables Obligations of receivables