TEST BANK FOR AUDITING & ASSURANCE SERVICE
H H H H H H
1H|HPH aH gH e
S 9TH EDITION BY TIMOTHY LOUWERS, JERRY STR
H H H H H H H
AWSER FULL TESTBANK ALL CHAPTERS INCLUDED
H H H H H
TEST BANK FOR AUDITING & ASSURANCE SERVICE
H H H H H H
|| LATEST AND COMPLETE UPDATE 2025 WITH VERI
H H H H H H H
S 9TH EDITION BY TIMOTHY LOUWERS, JERRY STR
H H H H H H H
FIED SOLUTIONS GRADED A+
H H H
AWSER FULL TESTBANK ALL CHAPTERS INCLUDED
H H H H H
|| LATEST AND COMPLETE UPDATE 2025 WITH VERI
H H H H H H H
FIED SOLUTIONS GRADED A+
H H H
HAnswers key Included at the end of every chapter
H H H H H H H H H
Chapter 01 H
1) TheHauditHobjectiveHthatHallHtransactionsHandHaccountsHthatHshouldHbeHpresentedHinHt
heHfinancialHstatementsHareHinHfactHincludedHisHrelatedHtoHwhichHofHtheHPCAOBHassertions?
A) Existence
B) RightsHandHobligations
C) Completeness
D) Valuation
2) CutoffHtestsHdesignedHtoHdetectHpurchasesHmadeHbeforeHtheHendHofHtheHyearHthatHhaveHbe
enHrecordedHinHtheHsubsequentHyearHprovideHassuranceHaboutHmanagement'sHassertionHof
A) presentationHandHdisclosure.
B) completeness.
C) rightsHandHobligations.
D) existence.
3) DuringHanHauditHofHanHentity'sHstockholders'HequityHaccounts,HtheHauditorHdeterminesHwhe
therHthereHareHrestrictionsHonHretainedHearningsHresultingHfromHloans,Hagreements,HorHstateHlaw.HT
hisHauditHprocedureHmostHlikelyHisHintendedHtoHverifyHmanagement'sHassertionHof
A) existenceHorHoccurrence.
B) completeness.
C) valuationHorHallocation.
,2H|HPH aH gH e 3H|HPH aH gH e
D) presentationHandHdisclosure. C) RightsHandHobligations
D) PresentationHandHdisclosure
4) TheHconfirmationHofHanHaccountHpayableHbalanceHselectedHfromHtheHgeneralHledg
erHprovidesHprimaryHevidenceHregardingHwhichHmanagementHassertion?
8) AnHauditorHhasHsubstantialHdoubtHaboutHtheHentity'sHabilityHtoHcontinueHasHaHgoingHconce
A) Completeness rnHforHaHreasonableHperiodHofHtimeHbecauseHofHnegativeHcashHflowsHandHworkingHcapitalHdeficien
cies.HUnderHtheseHcircumstances,HtheHauditorHwouldHbeHmostHconcernedHaboutHthe
B) Valuation
A) controlHenvironmentHfactorsHthatHaffectHtheHorganizationalHstructure.
C) Allocation
B) correlationHofHdetectionHriskHandHinherentHrisk.
D) Existence
C) effectivenessHofHtheHentity'sHinternalHcontrolHactivities.
D) possibleHeffectsHonHtheHentity'sHfinancialHstatements.
5) WhatHtypeHofHevidenceHwouldHprovideHtheHhighestHlevelHofHassuranceHinHanHattestatio
nHengagement?
A) EvidenceHsecuredHsolelyHfromHwithinHtheHentity.
B) EvidenceHobtainedHfromHindependentHsources. 9) WhichHofHtheHfollowingHtypesHofHauditHevidenceHprovidesHtheleastHassuranceHofHreliability?
C) EvidenceHobtainedHindirectly. A) ReceivableHconfirmationsHreceivedHfromHtheHclient'sHcustomers.
D) EvidenceHobtainedHfromHmultipleHinternalHinquiries. B) PrenumberedHreceivingHreportsHcompletedHbyHtheHclient'sHemployees.
C) PriorHmonths'HbankHstatementsHobtainedHfromHtheHclient.
D) MunicipalHpropertyHtaxHbillsHpreparedHinHtheHclient'sHname.
6) WhichHofHtheHfollowingHmanagementHassertionsHisHanHauditorHmostHlikelyHtestingHifHt
heHauditHobjectiveHstatesHthatHallHinventoryHonHhandHisHreflectedHinHtheHendingHinventoryHbala
10) WhichHofHtheHfollowingHisHaHmanagementHassertionHregardingHaccountHbalancesHatHth
nce?
eHperiodHend?
A) TheHentityHhasHrightsHtoHtheHinventory.
A) TransactionsHandHeventsHthatHhaveHbeenHrecordedHhaveHoccurredHandHpertainHtoHtheHentity.
B) InventoryHisHproperlyHvalued.
B) TransactionsHandHeventsHhaveHbeenHrecordedHinHtheHproperHaccounts.
C) InventoryHisHproperlyHpresentedHinHtheHfinancialHstatements.
C) TheHentityHholdsHorHcontrolsHtheHrightsHtoHassets,HandHliabilitiesHareHobligationsHofHt
D) InventoryHisHcomplete. heHentity.
D) AmountsHandHotherHdataHrelatedHtoHtheHtransactionsHandHeventsHhaveHbeenHrecorde
dHappropriately.
7) AnHauditorHtracesHtheHserialHnumbersHonHequipmentHtoHaHnonissuer'sHsubledger.HWhichH
ofHtheHfollowingHmanagementHassertionsHisHsupportedHbyHthisHtest?
A) ValuationHandHallocation
B) Completeness
,4H|HPH aH gH e 5H|HPH aH gH e
11) AHpractitionerHisHengagedHtoHexpressHanHopinionHonHmanagement'sHassertionHthatHtheHsqua A) completeness.
reHfootageHofHaHwarehouseHofferedHforHsaleHisH150,000HsquareHfeet.HTheHpractitionerHshouldHreferH
B) valuation.
toHwhichHofHtheHfollowingHsourcesHforHprofessionalHguidance?
C) presentationHandHdisclosure.
A) StatementHofHAuditingHStandards.
D) existence.
B) StatementsHonHStandardsHforHAttestationHEngagements.
E) rightsHandHobligations.
C) StatementsHonHStandardsHforHAccountingHandHReviewHServices.
D) StatementsHonHStandardsHforHConsultingHServices.
15) AccordingHtoHPCAOBHAuditingHStandardHNo.H2201H(HASH2201),HtheHauditorHshoul
dHidentifyHsignificantHaccountsHandHdisclosuresHandHtheirHrelevantHassertions.HWhichHofHth
12) InHauditingHtheHlong- eHfollowingHfinancialHstatementHassertionsHisHnotHexplicitlyHidentifiedHinHASH2201?
termHdebtHaccount,HanHauditor'sHproceduresHmostHlikelyHwouldHfocusHprimarilyHonHmanagement
A) Completeness
'sHassertionHof
B) ValuationHorHallocation
A) existence.
C) Accuracy
B) completeness.
D) ExistenceHorHoccurrence
C) allocation.
E) AllHofHtheseHareHassertionsHidentifiedHinHASH2201.
D) rightsHandHobligations.
16) WhenHtestingHtheHcompletenessHassertionHforHaHliabilityHaccount,HanHauditorHordinaril
13) AnHauditorHselectedHitemsHforHtestHcountsHfromHtheHclient'sHwarehouseHduringHtheHphysica
yHworksHfromHthe
lHinventoryHobservation.HTheHauditorHthenHtracedHtheseHtestHcountsHintoHtheHdetailedHinventoryHlist
ingHthatHultimatelyHagreedHtoHtheHfinancialHstatements.HThisHprocedureHmostHlikelyHprovidedHevid A) financialHstatementsHtoHtheHpotentiallyHunrecordedHitems.
enceHconcerningHmanagement'sHassertionHof
B) potentiallyHunrecordedHitemsHtoHtheHfinancialHstatements.
A) completeness.
C) accountingHrecordsHtoHtheHsupportingHevidence.
B) valuation.
D) trialHbalanceHtoHtheHsubsidiaryHledger.
C) presentationHandHdisclosure.
D) existence.
E) rightsHandHobligations.
17) IfHanHauditorHisHperformingHproceduresHrelatedHtoHtheHinformationHthatHisHcontainedHinHt
heHclient'sHpensionHfootnote,Hhe/sheHisHmostHlikelyHtoHobtainHevidenceHconcerningHmanagement
'sHassertionHabout
14) AnHauditorHselectedHitemsHfromHtheHclient'sHdetailedHinventoryHlistingH(thatHagreedHtoHtheH
financialHstatements).HDuringHtheHphysicalHinventoryHobservation,HtheHauditorHthenHfoundHeachHit A) rightsHandHobligations.
emHselectedHandHcountedHtheHnumberHofHunitsHonHhand.HAssumingHthatHtheHamountHonHhandHwasH
theHsameHasHtheHamountHinHtheHclient'sHdetailedHinventoryHlisting,HthisHprocedureHmostHlikelyHwou B) existence.
ldHprovideHevidenceHconcerningHmanagement'sHassertionHof
, 6H|HPH aH gH e 7H|HPH aH gH e
C) valuation.
D) presentationHandHdisclosure.
21) WhichHofHtheHfollowingHisHnotHincludedHinHtheHAmericanHAccountingHAssociationH(AA
A)HdefinitionHofHauditing?
18) WhichHofHtheHfollowingHquestionsHwouldHbeinappropriateHforHanHauditorHtoHaskHaHclie
ntHwhenHexhibitingHanHappropriateHlevelHofHprofessionalHskepticismHwhileHcompletingHanHau A) PotentialHconflictHofHinterest
ditHprocedureHrelatedHtoHtheHinternalHcontrolHsystem?
B) SystematicHprocess
A) WhatHcanHgoHwrongHinHthisHprocess?
C) AssertionsHaboutHeconomicHactions
B) WhichHofHyourHemployeesHisHaHfraudster?
D) EstablishedHcriteria
C) WhatHelseHisHimportantHtoHknowHaboutHthisHprocess?
D) WhatHhappensHwhenHaHkeyHemployeeHgoesHonHvacation?
22) WhatHisHtheHtermHusedHtoHidentifyHtheHriskHthatHtheHclient'sHfinancialHstatementsHmayH
beHmateriallyHfalseHandHmisleading?
A) BusinessHrisk
19) ToHbeHproficientHasHanHauditor,HaHpersonHmustHfirstHbeHableHtoHaccomplishHwhichHofHthe B) InformationHrisk
seHtasksHinHaHdecision-makingHprocess?
C) ClientHrisk
A) IdentifyHauditHevidenceHrelevantHtoHtheHverificationHofHassertionsHmanagementHmakesHinHi
D) RiskHassessment
tsHunauditedHfinancialHstatementsHandHnotes.
B) FormulateHevidence-
gatheringHproceduresH(auditHplan)HdesignedHtoHobtainHsufficient,HcompetentHevidenceHabout
HassertionsHmanagementHmakesHinHfinancialHstatementsHandHnotes.
23) WhichHofHtheHfollowingHisHnotHaHrecommendationHusuallyHmadeHfollowingHtheHcompletio
C) RecognizeHtheHfinancialHassertionsHmadeHinHmanagement'sHfinancialHstatementsHan nHofHanHoperationalHaudit?
dHfootnotes.
A) EconomicHandHefficientHuseHofHresources.
D) EvaluateHtheHevidenceHproducedHbyHtheHperformanceHofHproceduresHandHdecideHwheth
erHmanagement'sHassertionsHconformHtoHgenerallyHacceptedHaccountingHprinciplesHandHreality. B) EffectiveHachievementHofHbusinessHobjectives.
C) AttestingHtoHtheHfairnessHofHtheHfinancialHstatements.
D) ComplianceHwithHcompanyHpolicies.
20) WhichHofHtheHfollowingHisHanHunderlyingHconditionHthatHinHpartHcreatesHtheHdemandH
byHusersHforHreliableHinformation?
A) EconomicHtransactionsHthatHareHnumerousHandHcomplex. 24) InHorderHtoHbeHconsideredHasHexternalHauditorsHwithHrespectHtoHgovernmentHagencies,HGA
B) DecisionsHthatHareHtime-sensitive. OHauditorsHmustHbe
C) UsersHseparatedHfromHaccountingHrecordsHbyHdistanceHandHtime. A) organizationallyHindependent.
D) FinancialHdecisionsHthatHareHimportantHtoHinvestorsHandHusers. B) empoweredHasHtheHaccountingHandHauditingHagencyHbyHtheHU.S.HCongress.
E) AllHofHtheseHchoicesHareHcorrect. C) fundedHbyHtheHfederalHgovernment.
H H H H H H
1H|HPH aH gH e
S 9TH EDITION BY TIMOTHY LOUWERS, JERRY STR
H H H H H H H
AWSER FULL TESTBANK ALL CHAPTERS INCLUDED
H H H H H
TEST BANK FOR AUDITING & ASSURANCE SERVICE
H H H H H H
|| LATEST AND COMPLETE UPDATE 2025 WITH VERI
H H H H H H H
S 9TH EDITION BY TIMOTHY LOUWERS, JERRY STR
H H H H H H H
FIED SOLUTIONS GRADED A+
H H H
AWSER FULL TESTBANK ALL CHAPTERS INCLUDED
H H H H H
|| LATEST AND COMPLETE UPDATE 2025 WITH VERI
H H H H H H H
FIED SOLUTIONS GRADED A+
H H H
HAnswers key Included at the end of every chapter
H H H H H H H H H
Chapter 01 H
1) TheHauditHobjectiveHthatHallHtransactionsHandHaccountsHthatHshouldHbeHpresentedHinHt
heHfinancialHstatementsHareHinHfactHincludedHisHrelatedHtoHwhichHofHtheHPCAOBHassertions?
A) Existence
B) RightsHandHobligations
C) Completeness
D) Valuation
2) CutoffHtestsHdesignedHtoHdetectHpurchasesHmadeHbeforeHtheHendHofHtheHyearHthatHhaveHbe
enHrecordedHinHtheHsubsequentHyearHprovideHassuranceHaboutHmanagement'sHassertionHof
A) presentationHandHdisclosure.
B) completeness.
C) rightsHandHobligations.
D) existence.
3) DuringHanHauditHofHanHentity'sHstockholders'HequityHaccounts,HtheHauditorHdeterminesHwhe
therHthereHareHrestrictionsHonHretainedHearningsHresultingHfromHloans,Hagreements,HorHstateHlaw.HT
hisHauditHprocedureHmostHlikelyHisHintendedHtoHverifyHmanagement'sHassertionHof
A) existenceHorHoccurrence.
B) completeness.
C) valuationHorHallocation.
,2H|HPH aH gH e 3H|HPH aH gH e
D) presentationHandHdisclosure. C) RightsHandHobligations
D) PresentationHandHdisclosure
4) TheHconfirmationHofHanHaccountHpayableHbalanceHselectedHfromHtheHgeneralHledg
erHprovidesHprimaryHevidenceHregardingHwhichHmanagementHassertion?
8) AnHauditorHhasHsubstantialHdoubtHaboutHtheHentity'sHabilityHtoHcontinueHasHaHgoingHconce
A) Completeness rnHforHaHreasonableHperiodHofHtimeHbecauseHofHnegativeHcashHflowsHandHworkingHcapitalHdeficien
cies.HUnderHtheseHcircumstances,HtheHauditorHwouldHbeHmostHconcernedHaboutHthe
B) Valuation
A) controlHenvironmentHfactorsHthatHaffectHtheHorganizationalHstructure.
C) Allocation
B) correlationHofHdetectionHriskHandHinherentHrisk.
D) Existence
C) effectivenessHofHtheHentity'sHinternalHcontrolHactivities.
D) possibleHeffectsHonHtheHentity'sHfinancialHstatements.
5) WhatHtypeHofHevidenceHwouldHprovideHtheHhighestHlevelHofHassuranceHinHanHattestatio
nHengagement?
A) EvidenceHsecuredHsolelyHfromHwithinHtheHentity.
B) EvidenceHobtainedHfromHindependentHsources. 9) WhichHofHtheHfollowingHtypesHofHauditHevidenceHprovidesHtheleastHassuranceHofHreliability?
C) EvidenceHobtainedHindirectly. A) ReceivableHconfirmationsHreceivedHfromHtheHclient'sHcustomers.
D) EvidenceHobtainedHfromHmultipleHinternalHinquiries. B) PrenumberedHreceivingHreportsHcompletedHbyHtheHclient'sHemployees.
C) PriorHmonths'HbankHstatementsHobtainedHfromHtheHclient.
D) MunicipalHpropertyHtaxHbillsHpreparedHinHtheHclient'sHname.
6) WhichHofHtheHfollowingHmanagementHassertionsHisHanHauditorHmostHlikelyHtestingHifHt
heHauditHobjectiveHstatesHthatHallHinventoryHonHhandHisHreflectedHinHtheHendingHinventoryHbala
10) WhichHofHtheHfollowingHisHaHmanagementHassertionHregardingHaccountHbalancesHatHth
nce?
eHperiodHend?
A) TheHentityHhasHrightsHtoHtheHinventory.
A) TransactionsHandHeventsHthatHhaveHbeenHrecordedHhaveHoccurredHandHpertainHtoHtheHentity.
B) InventoryHisHproperlyHvalued.
B) TransactionsHandHeventsHhaveHbeenHrecordedHinHtheHproperHaccounts.
C) InventoryHisHproperlyHpresentedHinHtheHfinancialHstatements.
C) TheHentityHholdsHorHcontrolsHtheHrightsHtoHassets,HandHliabilitiesHareHobligationsHofHt
D) InventoryHisHcomplete. heHentity.
D) AmountsHandHotherHdataHrelatedHtoHtheHtransactionsHandHeventsHhaveHbeenHrecorde
dHappropriately.
7) AnHauditorHtracesHtheHserialHnumbersHonHequipmentHtoHaHnonissuer'sHsubledger.HWhichH
ofHtheHfollowingHmanagementHassertionsHisHsupportedHbyHthisHtest?
A) ValuationHandHallocation
B) Completeness
,4H|HPH aH gH e 5H|HPH aH gH e
11) AHpractitionerHisHengagedHtoHexpressHanHopinionHonHmanagement'sHassertionHthatHtheHsqua A) completeness.
reHfootageHofHaHwarehouseHofferedHforHsaleHisH150,000HsquareHfeet.HTheHpractitionerHshouldHreferH
B) valuation.
toHwhichHofHtheHfollowingHsourcesHforHprofessionalHguidance?
C) presentationHandHdisclosure.
A) StatementHofHAuditingHStandards.
D) existence.
B) StatementsHonHStandardsHforHAttestationHEngagements.
E) rightsHandHobligations.
C) StatementsHonHStandardsHforHAccountingHandHReviewHServices.
D) StatementsHonHStandardsHforHConsultingHServices.
15) AccordingHtoHPCAOBHAuditingHStandardHNo.H2201H(HASH2201),HtheHauditorHshoul
dHidentifyHsignificantHaccountsHandHdisclosuresHandHtheirHrelevantHassertions.HWhichHofHth
12) InHauditingHtheHlong- eHfollowingHfinancialHstatementHassertionsHisHnotHexplicitlyHidentifiedHinHASH2201?
termHdebtHaccount,HanHauditor'sHproceduresHmostHlikelyHwouldHfocusHprimarilyHonHmanagement
A) Completeness
'sHassertionHof
B) ValuationHorHallocation
A) existence.
C) Accuracy
B) completeness.
D) ExistenceHorHoccurrence
C) allocation.
E) AllHofHtheseHareHassertionsHidentifiedHinHASH2201.
D) rightsHandHobligations.
16) WhenHtestingHtheHcompletenessHassertionHforHaHliabilityHaccount,HanHauditorHordinaril
13) AnHauditorHselectedHitemsHforHtestHcountsHfromHtheHclient'sHwarehouseHduringHtheHphysica
yHworksHfromHthe
lHinventoryHobservation.HTheHauditorHthenHtracedHtheseHtestHcountsHintoHtheHdetailedHinventoryHlist
ingHthatHultimatelyHagreedHtoHtheHfinancialHstatements.HThisHprocedureHmostHlikelyHprovidedHevid A) financialHstatementsHtoHtheHpotentiallyHunrecordedHitems.
enceHconcerningHmanagement'sHassertionHof
B) potentiallyHunrecordedHitemsHtoHtheHfinancialHstatements.
A) completeness.
C) accountingHrecordsHtoHtheHsupportingHevidence.
B) valuation.
D) trialHbalanceHtoHtheHsubsidiaryHledger.
C) presentationHandHdisclosure.
D) existence.
E) rightsHandHobligations.
17) IfHanHauditorHisHperformingHproceduresHrelatedHtoHtheHinformationHthatHisHcontainedHinHt
heHclient'sHpensionHfootnote,Hhe/sheHisHmostHlikelyHtoHobtainHevidenceHconcerningHmanagement
'sHassertionHabout
14) AnHauditorHselectedHitemsHfromHtheHclient'sHdetailedHinventoryHlistingH(thatHagreedHtoHtheH
financialHstatements).HDuringHtheHphysicalHinventoryHobservation,HtheHauditorHthenHfoundHeachHit A) rightsHandHobligations.
emHselectedHandHcountedHtheHnumberHofHunitsHonHhand.HAssumingHthatHtheHamountHonHhandHwasH
theHsameHasHtheHamountHinHtheHclient'sHdetailedHinventoryHlisting,HthisHprocedureHmostHlikelyHwou B) existence.
ldHprovideHevidenceHconcerningHmanagement'sHassertionHof
, 6H|HPH aH gH e 7H|HPH aH gH e
C) valuation.
D) presentationHandHdisclosure.
21) WhichHofHtheHfollowingHisHnotHincludedHinHtheHAmericanHAccountingHAssociationH(AA
A)HdefinitionHofHauditing?
18) WhichHofHtheHfollowingHquestionsHwouldHbeinappropriateHforHanHauditorHtoHaskHaHclie
ntHwhenHexhibitingHanHappropriateHlevelHofHprofessionalHskepticismHwhileHcompletingHanHau A) PotentialHconflictHofHinterest
ditHprocedureHrelatedHtoHtheHinternalHcontrolHsystem?
B) SystematicHprocess
A) WhatHcanHgoHwrongHinHthisHprocess?
C) AssertionsHaboutHeconomicHactions
B) WhichHofHyourHemployeesHisHaHfraudster?
D) EstablishedHcriteria
C) WhatHelseHisHimportantHtoHknowHaboutHthisHprocess?
D) WhatHhappensHwhenHaHkeyHemployeeHgoesHonHvacation?
22) WhatHisHtheHtermHusedHtoHidentifyHtheHriskHthatHtheHclient'sHfinancialHstatementsHmayH
beHmateriallyHfalseHandHmisleading?
A) BusinessHrisk
19) ToHbeHproficientHasHanHauditor,HaHpersonHmustHfirstHbeHableHtoHaccomplishHwhichHofHthe B) InformationHrisk
seHtasksHinHaHdecision-makingHprocess?
C) ClientHrisk
A) IdentifyHauditHevidenceHrelevantHtoHtheHverificationHofHassertionsHmanagementHmakesHinHi
D) RiskHassessment
tsHunauditedHfinancialHstatementsHandHnotes.
B) FormulateHevidence-
gatheringHproceduresH(auditHplan)HdesignedHtoHobtainHsufficient,HcompetentHevidenceHabout
HassertionsHmanagementHmakesHinHfinancialHstatementsHandHnotes.
23) WhichHofHtheHfollowingHisHnotHaHrecommendationHusuallyHmadeHfollowingHtheHcompletio
C) RecognizeHtheHfinancialHassertionsHmadeHinHmanagement'sHfinancialHstatementsHan nHofHanHoperationalHaudit?
dHfootnotes.
A) EconomicHandHefficientHuseHofHresources.
D) EvaluateHtheHevidenceHproducedHbyHtheHperformanceHofHproceduresHandHdecideHwheth
erHmanagement'sHassertionsHconformHtoHgenerallyHacceptedHaccountingHprinciplesHandHreality. B) EffectiveHachievementHofHbusinessHobjectives.
C) AttestingHtoHtheHfairnessHofHtheHfinancialHstatements.
D) ComplianceHwithHcompanyHpolicies.
20) WhichHofHtheHfollowingHisHanHunderlyingHconditionHthatHinHpartHcreatesHtheHdemandH
byHusersHforHreliableHinformation?
A) EconomicHtransactionsHthatHareHnumerousHandHcomplex. 24) InHorderHtoHbeHconsideredHasHexternalHauditorsHwithHrespectHtoHgovernmentHagencies,HGA
B) DecisionsHthatHareHtime-sensitive. OHauditorsHmustHbe
C) UsersHseparatedHfromHaccountingHrecordsHbyHdistanceHandHtime. A) organizationallyHindependent.
D) FinancialHdecisionsHthatHareHimportantHtoHinvestorsHandHusers. B) empoweredHasHtheHaccountingHandHauditingHagencyHbyHtheHU.S.HCongress.
E) AllHofHtheseHchoicesHareHcorrect. C) fundedHbyHtheHfederalHgovernment.
