The minimal-spanning tree technique would best be used
A) by a forest ranger seeking to minimize the risk of forest fires.
B) by a telephone company attempting to lay out wires in a new housing development.
C) by an airline laying out flight routes.
D) None of the above
E) All of the above
B
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Accounts payable (A/P) confirmations are generally used less frequently than accounts receivable confirmations since
A) other procedures such as the search for unrecorded liabilities are generally very effective B) A/P confirmations generally have lower response rates than account receivables confirmations C) A/P confirmations do not address the existence assertion D) A/P confirmations do not address specific audit assertions
Under what circumstance should a German company prepare its financial statements under German GAAP rather than international financial reporting standards?
A. Reporting to banks B. Reporting consolidated financial statements C. Calculating tax D. German GAAP should always be used instead of IRFS.