Ch. 9 Homework
a. Correct option is option 4 because materiality is purely the matter of professional judgement.
b. Option 2 would be correct because the materiality of $15,000 would be considered material.
c. The bes
1 Examination of sales invoices
2 Selection of items from
perpetual inventory records and
examining them in the
3 Use of audit software to foot
and cross-foot the cash
Chapter 11 Homework
Absence of any basis for creating
the documentation of the number
of paying patrons.
Absence of separation of duties
between individuals responsible for
receiving admission fees an