Question: Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it Question
Please answer with reason for all why the option is correct and why the other options are incorrect Please answer correct otherwise skip it
Question 22
Risk assessment should be
Group of answer choices
a)only the auditor's responsibility because of the expertise required.
b)only client management's responsibility.
c)included both in the audit and as part of the client company's internal controls.
d)primarily the responsibility of internal auditors.
Question 24
Evidence obtained during an audit should
Group of answer choices
a)be sufficient to ensure that no misstatements remain after the client has made the requested adjustments to the records.
b)relate to a specific assertion(s).
c)be conclusive, after considering the weight of the evidence obtained and the findings from the evidence.
d)be documented, only if it is consistent with the ultimate audit conclusions because differences should be resolved.
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