true or false

its true or false

I 13. A subsidiary ledger consisting of a separate record for each unit of property held by a company is not required since the chance of pilferage is very low. 14. Independent estimates of depreciation should be considered despite a well calculated amount proposed by management, 15. A sinking fund is an asset that no longer has any value (.e., obsolete software). 16. An internal auditor is a professional staff member of the independent auditing firm. 17. The Sarbanes-Oxley Act of 2002 requires companies providing auditing services of a companies financial statements to also provide an audit of internal control. _18. An IRS Field Audit of a taxpayers Form 1040 is a specialized audit called an operational audit 19. In end-user computing, data collection is stored centrally on-the-cloud. 20. When auditing a firm with an integrated computer system it is important to compare data on separate files. II. Completion - There are a series of statements below that have blank spaces. Please fill in the blank space with the word or words that complete the statement, so that each is correct. lalu Lintang cinta 000 F3 F4 FS II F6 F7 FB FO * $ 4 % 5 6 & 7 8 9 o E R. T Y U O P