Answer by True or False:-

1. The reference to term in all material respects in the audit report opinion graph is a must in the audit report.

True

False

2. Compliance audit is an audit that determines the extent to which rules, policies , laws or governmental regulations are being allowed by the client.

True

False

3. The cut off audit objective implies that not all transactions are included in the account.

True

False

4. Auditing standards provide qn audit risk model as a way of ensuring that the risk of ensuring materiality misstated financial statements is kept to an acceptable low level

True

False