The sentences below are incomplete. A space is provided where some word(s) may be missing. Complete the sentences, so that they are correct statements.

2. A real estate company owns and manages its own properties. As an auditor, verifying the rights to those properties would include examining copies of ________________________.

3. In a public company, an auditor following the rules of the PCAOB would audit both the financial statements and ________________________________________________.

4. An auditor ought to communicate internal control deficiencies to those that are responsible for taking corrective action. Those persons would include _____________________________________.

5. A document that is part of an internal control voucher system, but is strictly used internally within the company is the __________________________.

6. A legal defense used by banks to limit their liability in a situation involving a forgery that is improperly paid by the bank is called ______________________________.

7. Accountants generally agree that ___________________________is the most important single function of accounting.

8.The most important control over payroll is ______________________________________.

9. One way for an auditor to document the intent of the governing board’s decisions is to review and collect _______________________________________.

10. There are two types of subsequent events of concern to the auditor. They include _______________________ and ______________________________________________.

Answer rating: 100% (QA)

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