* You are finalining your approaches samples with either case De Raply whether the towing change in EX: Fasters Papi er Effects Sample order the Chania The Eller Sample Sire Puth BE Cancrease/) Dec Sampling Risk Increase Expected t o Decres I Calcrease by Decrease ( w. v. Tolente Mist Population ser r ess es crease by D ee Increase Decrease that should be the financ e ments weisfactised is led to 9. The sadit objective that all transactions and which of the PCAOB A) Existence. B) Rights and obligations C) Completeness D) Valuation 10. What type of evidence would provide the highest do n c l evel of respectively in engagement (Choose I letter to answer the question L Evidence secured solely from within the call or p hase ander sales anders receiving report IL Evidence obtained from independent party sources such as confirmat TIL. Evidence obtained directly by the suditor through direct observaties such w i ng cash, counting lavestory In person, ete. IV. Evidence obtained from inquiries with the client company being suited A) - Most Reliable Evidence & IV. Las Reliable Evidence B) - Most Reliable Evidence & I-Least Reliable Evidence C) II Most Reliable Evidence & Least Reliable Evidence D) II Most Reliable Evidence & IV-Least Reliable Evidence 11. In auditing the long-term debt account, anditor's procedures most likely would focus primarilyon management's assertion A) Existence or occurrence B) Completeness or Cutoff C) Valuation or accuracy. D) Valuation or accuracy 12. Which of the PCAOB assertions (A-E) are best verified by the following audit procedures (-)-(Put lemer A-Enext to the procedure that bests tests this assertion- Put only letter to sercach question can be re-used) Column 12i. Confirming inventory held on consignment by the client with independent third party 12. Consulting Checking Vendor's Website Price Listing for year-end prices of inventory held by the client. 12. Physically examine all major property and equipment additions 12iv. Review the aped trial balance for significant past due accounts receivable for potential write-off. 12v. Reviewing inventory in the warehouse for obsolete, or inquiring about slow moving inventory. Column B A. Existence or occurrence B. Rights and obligations C Valuation or accuracy D. Completeness/Cutoff E. Presentation and disclosure 13. An important role of the Public Company Accounting Oversight Board is to oversee the A) issuance of statements by the Financial Accounting Standards Board B) preparation and grading of the Uniform CPA Examination C) peer review of member audit firms of the Private Companies Practice Section D) regulation of audit firms that audit public companies