Audit

establish control and executes them

establish controls and executes them

perpetuate errors and frauds and conceals them

Record the transaction in journal and ledger

Error of omission

Error of commission

Compensating error

Error of principle

The reliability of audit evidence and its relevance in meeting the audit objectives

The objectivity and integrity of the auditor

The quantity of audit evidence

The independence of the source of evidence

integrity and ethical values

Risk management

Commitment to competence

Organization structure

Rarely

Periodically

Never

Daily

Error of principle

Error of commission

Error of omission

Error of duplication

a flowchart of the internal controls

Organization charts

a copy of financial statements

copies of bond and debentures

The art of recording the business transaction

an examination of the books of accounts

the act of establishing the accuracy of entries in the books of accounts

None of these

Assets

Liabilities

Income and expense accounts where appropriate

All of these

Systematic sampling

Random sampling

Haphazard sampling

None of these