Question 8

All audit procedures need to be performed after the balance sheet date and before the issuance of the GAAP financial statements.

• True

• False

Question 9

The quantity of audit evidence needed when testing an account balance is influenced by the risk of material misstatement in that account

• True

• False

Question 10

When testing the operational effectiveness of a control, the frequency with which the control is performed can influence the sample size to be used by the auditor.

• True

• False

Question 11

When relying on the work of an audit specialist, the auditor has a responsibility to evaluate the professional qualifications of the specialist.

• True

• False

Question 12

When the auditor uses the work of an audit specialist, the auditors responsibility for the audit opinion is reduced.

• True

• False