Input controls are intended to detect errors in transaction data after processing

Indicate whether the statement is true or false

F

Business

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The concept of materiality is least important to an auditor when considering the

a. Effects of a direct financial interest in the client on the CPA's independence b. Decision whether to use positive or negative confirmations of accounts receivable c. Adequacy of disclosure of a client's illegal act d. Discovery of weaknesses in a client's internal control

Business

When a spouse dies leaving a will, all separate property is devised vests immediately in the devises.

a. true b. false

Business