Perception is not influenced by the perceiver's interest

An internal auditor for a unversity performed an assurance engagement to review the university bookstore's cash function. Which of the following actions will be deemed lacking in due professional care?

a) a flowchart of the entire cash function was developed, but only a sample of transactions were tested b) because of a highly developed system of internal control over the cash function, the final engagement communication assures senior management that no irregularities exist c) the final engagement communication included a well-supported recommendation for the reduction in staff, although it was known that such a reduction would adversely affect morale d) organizational records were reviewed to determine whether all employees who handled cash receipts and disbursements were bonded

The term "lex mercatoria" refers to the principles of law common to the world's legal systems

Indicate whether the statement is true or false