Companies usually conduct full backups on a ________ basis

Costs incurred subsequent to the acquisition of an asset are capitalized if they provide future benefits.

a. true b. false

When planning an audit, and auditor should

a. Consider whether the extent of substantive procedures may be reduced based on the results of tests of controls b. Determine overall materiality for audit purposes c. Conclude whether changes in compliance with prescribed internal controls justify reliance on them d. Evaluate detected misstatements