Auditors often convince themselves that they only accept clients they can trust and who have high integrity

Which of the following statements is true for any two events A and B defined on a sample space S?

A) If the intersection of events A and B is the empty set, then A and B are collectively exhaustive. B) If the union of events A and B is the empty set, then each of A and B is the empty set. C) If events A and B are collectively exhaustive, then A ? B ? ?. D) If events A and B are mutually exclusive and collectively exhaustive, then the union of A and B is not necessarily the sample space.

Match each of the following steps in the bank reconciliation process to the situations below. Some of the steps may be used more than once

a. Add to the balance on the bank statement b. Add to the balance on the company's books c. Deduct from the balance on the bank statement d. Deduct from the balance on the company's books _____ 1. NSF check _____ 2. Team Shirts correctly deposited a check for $153. The bank recorded the check as $135. _____ 3. Outstanding checks _____ 4. Monthly service fees charged by the bank _____ 5. Deposits in transit