Question 11 - Presentation and disclosure objectives are primarily addressed in the tests of details of balances phase of the audit.True/False

A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a

(3pts)

Question 12 - A procedure designed to test for monetary misstatements directly affecting the correctness of financial statement balances is a

	monetary unit sampling test.
	test of attributes.
	test of controls.
	substantive test.

Presentation and disclosure related audit objectives would be performed in which phase of the audit process?

(3pts)

Question 13 - Presentation and disclosure related audit objectives would be performed in which phase of the audit process?

	perform analytical procedures and tests of balances
	perform audit tests for controls and transactions
	complete the audit and issue the audit report
	plan and design audit approach

)

Once set during the planning phase, the audit program cannot be revised.

(3pts)

Question 14 - Once set during the planning phase, the audit program cannot be revised.True False

Which phase(s) of the audit uses inquiries of clients as a type of evidence?

(3pts)

Question 15 - Which phase(s) of the audit uses inquiries of clients as a type of evidence?

	plan and design
	tests of controls and substantive tests of transactions
	completion of the audit and issuance of the audit report
	All of the above