90. When a group engagement partner decides to make reference to a component auditor examination under US GAAS, the group engagement partner report should state the we did not audit the financial statement of ABC Company:

a.

In an emphasis of matter paragraph following the Management Responsibility paragraph.

b.

In an emphasis of matter paragraph preceding the Auditor Responsibility paragraph. The Emphasis of matter paragraph should be titled Other Auditor Responsibility.

c.

Not in the auditor report, but in a separate report prepared by the component auditor and appended to the auditor report.

d.

In the Auditor Responsibility paragraph.

98: When auditing the financial statements of a non public company:

a.

projected misstatement is an auditor best estimate, before performing audit procedures, of misstatements that the auditor expects to find during the audit.

b.

projected misstatement is the likely amount of misstatement in the subsequent period financial statements if a control is not properly implemented.

c.

projected misstatement is an auditor best estimate of misstatements in a population extrapolated from misstatements identified in an audit sample.

d.

projected misstatement is the only amount that the auditor considers in evaluating materiality and fairness of the financial statements.