Author Question: According to the Sarbanes-Oxley Act of 2002 and PCAOB Auditing Standard No. 5, management must audit ... (Read 111 times)

Mr. Wonderful · **on:** Jul 5, 2018

According to the Sarbanes-Oxley Act of 2002 and PCAOB Auditing Standard No. 5, management must audit and report on auditors' assertions about the organizations' systems of internal controls.
Indicate whether the statement is true or false

Question 2

To record the adoption of its General Fund budget, Radford City debits unreserved fund balance. This entry indicates General Fund

a. estimated revenues exceed appropriations.
b. appropriations exceed estimated revenues.
c. encumbrances exceed expenditures.
d. revenues exceed expenditures.