TRUMALSE. Write 'T' if the statement is true and '1" if the statement is false. 1) Presentation and disclosure objectives are primarily addressed in the tests of details of balances 1} phase of the audit. 2) It Is inappropriate for the auditor to make written suggestions to management to improve business 2) performance upon completion of the audit. 3} Analytical procedures performed during substantive testing. such as those for the audit of 3) inventories. are typically more focused and more extensive than those done as part of the audit planning. 4) Procedures to obtain an understanding of internal control generally provide sufcient appropriate 4) evidence that a control is operating effectively. 5) Like tests of controls. analytical procedtres only indicate the likelihood or misstatements affecting 5) the dollar value of the nancial statements. 6) The results of tests of controls and substantive tests of transactions affect the design of tests of 6) details of balances. 7) If the auditor's test of controls supports the control risk assessment. planned detection risk in the 1') audit risk model is decreased, and planned suastantive tests should therefore be reduced. 3) For automated controls. the auditor's procedures to determine whether the automated control has 8) been implemented cannot also serve as the test of that control. 9) Tests of details of balances emphasize the overall reasonableness of transactions and the general 9) ledger balances. 10) If control risk is assessed at maximum. only substantive tests of transactions will he used by the 10) auditor. assuming the audit is of a smaller public company. a nonpublic company. or other type of entity