Which of these procedures do auditors usually perform as substantive tests to verify the management assertions relating to investments? Select one: a trace purchases of investments to bank statements Ob vouch purchases and sales of investments to brokers' advices c. Inspect the minutes of directors' meetings to determine whether significant purchases were authorized Od all of the above uch of the following scenarios regarding a lawsuit filed against a client by a third party would quality in a subset og Assine materiality s 550.000, the year-end date is December 31, 2020, and the audit report date: February 21, 20 A lawsuit was filed on November 24, 2020 but there was not enough information regarding the likelihood of the claim to set up an accr as a year end. The claim was also not estimable Alawsuit was fired on November 24, 2020 and settled on February 20, 2021 with the third party being awarded $100.000 for damages The client had originally accrued $10,000 in the December 31, 2020 financial statements Alwult was Med January 10, 2020 and concluded on February 20, 2020 with the client setting for $100,000 1 None of the above because they are not material enough to require disclosure or adjustment which of the following is an audit procedure related to the valuation assertion for the clients property, plant and equipment Select one Venty that the auditee's depreciation policies are accurately described in the notes to the financial statements b. Review the repair and maintenance expense accounts to ensure no items of a capital nature have been expensed c. Evaluate managements estimate of impairment of its manufacturing equipment d Obtain evidence that the auditee has legal title to the building included in its property, plant, and equipment Which of these procedures do auditors usually perform as substantive tests to verify the management assertions relating to investments? Select one: a trace purchases of investments to bank statements Ob vouch purchases and sales of investments to brokers' advices c. Inspect the minutes of directors' meetings to determine whether significant purchases were authorized Od all of the above uch of the following scenarios regarding a lawsuit filed against a client by a third party would quality in a subset og Assine materiality s 550.000, the year-end date is December 31, 2020, and the audit report date: February 21, 20 A lawsuit was filed on November 24, 2020 but there was not enough information regarding the likelihood of the claim to set up an accr as a year end. The claim was also not estimable Alawsuit was fired on November 24, 2020 and settled on February 20, 2021 with the third party being awarded $100.000 for damages The client had originally accrued $10,000 in the December 31, 2020 financial statements Alwult was Med January 10, 2020 and concluded on February 20, 2020 with the client setting for $100,000 1 None of the above because they are not material enough to require disclosure or adjustment which of the following is an audit procedure related to the valuation assertion for the clients property, plant and equipment Select one Venty that the auditee's depreciation policies are accurately described in the notes to the financial statements b. Review the repair and maintenance expense accounts to ensure no items of a capital nature have been expensed c. Evaluate managements estimate of impairment of its manufacturing equipment d Obtain evidence that the auditee has legal title to the building included in its property, plant, and equipment