1. When auditing an organization, what as set is being audited when reviewing the Factory Overhead Account?

2.)When discussing controls of stockholders equity transactions, an auditor would expect to see the following control in place; all stock transactions are approved by the ______ __ _____.

3.) Define a Judgmental Misstatement.

4.) The American Institute of Certified Public or the AICP has developed seven principles governing audits. Which two of the seven principles specifically relate to audit reporting?

5.) What are the five phases of the audit formulation process?