The degree to which an agent disclosed the agency relationship affects the contract liability of:

W & B, a wholesaler, sold on credit some furniture to Broadmore Company, a retailer. W & B perfected its security interest by filing a financing statement. Lean purchased some furniture from Broadmore for his home. He was unaware of W & B's perfected security interest. McCoy purchased some furniture from Broadmore for her home. She was aware that Broadmore's inventory was subject to security interests since Broadmore was having financial problems and had to buy the furniture on credit. Norsome purchased some furniture from Broadmore for use in his business. Broadmore defaults on its loans from W & B, who wants to repossess the furniture purchased and delivered to Lean, McCoy, and Norsome. From which parties can W & B legally repossess the furniture?

A. McCoy. B. Lean and McCoy. C. Norsome. D. None of these parties.

The appropriateness of evidence available to an auditor is least likely to be affected by the

a. Relevance of such evidence to the financial statement assertion being investigated b. Relationship of the preparer of such evidence to the entity being audited c. Timeliness of such audit evidence d. Sampling method employed by the auditor to obtain a sample of such evidence