Question 13 5 pts . A statement describing management's responsibilities and the auditor's responsibilities should be included: 1. In the audit report. 2. In the engagement letter. 3. In the auditor's statement of professional skepticism. 4. I and II only. 5. II and III only. 0 1 O2 O 3 ei oo 5 Question 14 5 pts From our reading of the CAQ's Professional Judgment Resource, which of the following is not a reason that auditors increasingly should rely on judgment rather than a "check the box" mentality? 1. the development of principles based accounting and audit standards. 2. increased litigation against auditors. 3. increased complexity of business transactions. 4. increasing focus on disclosure of critical accounting policies. O 1 0 0 0 0 3 04