The control of all funds during the count of cash on hand is meant primarily to prevent: transfers by ..

1.The control of all funds during the count of cash on hand is meant primarily to prevent: transfers by the client. client personnel from viewing the count procedure. unauthorized disbursements. any chance of double counting. 2.Which of the following isNOT among the specific auditing procedures the auditor performs to obtain additional audit evidence? making subsequent events review reading minutes of meetings reviewing evidence concerning litigation, claims, and assessments obtaining client representationletter 3.In performing an attest engagement, a CPA performs all of the following EXCEPT: gathers evidence to support the assertions. objectively assesses the communications of the individual making the assertions. relies on management statements. objectivelyassesses the measurements of assertions. 4.By definition, subsequent events occur between: the balance sheet date and the report date. the report date and the date the report is issued. the interim and balance sheet date. the balance sheet date and the datethe report is issued. 5.When inventories are material and the auditor does not observe the inventory at or near the year-end, professional standards require the auditor to: ***** ***** the engagement. thoroughly test the accounting records. disclaim an opinionon the financial statements. observe some physical counts of the inventory. 6.When statistical sampling methods are used by the client in determining inventories, professional standards require that the auditor ascertain the following EXCEPT that the: appropriatetests of transactions have been applied. sampling plan has been properly applied. sampling plan has statistical validity. results in terms of reliability are reasonable. 7. Which of the following functions is NOT part of the production cycle? acquisitionof raw materials maintaining the correctness of inventory balances processing goods in production determining and recording manufacturing costs