When using an e-portfolio, documents, such as letters, certificates, may be attached to the e-portfolio without any scanning

On the income statement, a service company reports the cost of merchandise inventory that has been sold to customers

Indicate whether the statement is true or false

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