• Question 25 If the independent auditor decides that the work performed by internal auditors may have a bearing on the independent auditor’ s own procedures, the independent auditor should consider the objectivity of the internal auditors. One method of judging objectivity is to
• Question 26 While obtaining an understanding of a client’ s risk assessment policies, an auditor ordinarily considers how management
• Question 27 Management’ s attitude toward aggressive financial reporting and its emphasis on meeting projected profit goals most likely would significantly influence an entity’ s control environment when
• Question 28 Which of the following statements is correct regarding internal control?
• Question 29 Which of the following factors is most relevant when an auditor considers the client’ s organizational structure in the context of control risk?
• Question 30 Which of the following analytical procedures most likely would be used during the risk assessment stage of an audit?
• Question 31 Analytical procedures performed during the risk assessment phase of an audit should focus on
• Question 32 Which of the following is an analytical procedure that an auditor most likely would perform when performing the risk assessment of an audit?
• Question 33 Which of the following most likely would cause an auditor to consider whether a client’ s financial statements contain material misstatements?
• Question 34 To help plan the nature, timing, and extent of substantive auditing procedures, preliminary analytical procedures should focus on
• Question 35 When a customer fails to include a remittance advice with a payment, it is a common practice for the person opening the mail to prepare one. Consequently, mail should be opened by which of the following four company employees?