The auditor's understanding of internal control performed as part of risk assessment procedures provides the basis for the auditor's initial assessment of control risk

Indicate whether the statement is true or false

TRUE

Business

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Income in respect of a cash-basis decedent

A. Covers income earned before the taxpayer's death but not collected until after death. B. Receives a stepped-up basis in the decedent's estate. C. Must be included in the decedent's final income tax return. D. Cannot receive capital gain treatment.

Business

A customized job résumé for a sales position would emphasize those aspects of the job seeker's background that are related to selling, even including being the head of the sales team for the high-school yearbooks

Indicate whether the statement is true or false

Business