1. Presentation and disclosure are not considered as management assertions relevant to cash.

   True

   False

2. Inventory can be subjected to manipulation due to the movement of inventory.

   True

   False

3. Increase in inventory is one of the fraud risk considerations of the auditor.

   True

   False

4. A possible inventory fraud scheme is the unintentional omission of cost of goods sold when inventory is sold.

   True

   False

5. In the event there are no material violation of generally accepted auditing principles, the audit will issue an unqualified report.

   True

   False