25 . Management of an organization has the responsibility for all of the following except : ( Points : 4 )
accounting principles used in financial reporting engagement of a qualified auditor internal control over financial reporting financial statements and disclosures
26 . The financial statement auditor must understand the client ' s internal control as a component of the fieldwork standards . The one of the reason for this understanding is so that the auditor may ( Points : 4 )
provide individual comments on internal control non-compliance . become comfortable that the client will pay its audit bills . assess materiality .
assess the risk of possible misstatements in the financial statements .
27 . For an auditor to be independent , he or she must be independent in ( Points : 4 )
fact . appearance . fact and appearance .