Cautious investors who need income are likely to prefer high quality corporate bonds

The concept of materiality is least important to an auditor when considering the

a. Effects of a direct financial interest in the client on the CPA's independence b. Decision whether to use positive or negative confirmations of accounts receivable c. Adequacy of disclosure of a client's illegal act d. Discovery of weaknesses in a client's internal control

Information systems can hinder a process by restricting the flow of data

Indicate whether the statement is true or false