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29. A proper system of corporate governance is one that demands
(Points: 4)
decision making by auditors in place of management.
internal audit representation on the board of directors.
audit planning to obtain competent and sufficient audit evidence.
accountability back through the system to the shareholders.
30. In determining the types of activities, engagements and
interactions an auditor should have with a client, the CPA and the
audit firm must (select the best answer) (Points: 4)
follow the rules exactly as they are written.
assess all of their relationships with every client to ensure that
independence is intact.
focus on client satisfaction above all other considerations
realize that ethics are only guidelines and a matter of personal
judgment.
31. The AICPA Principles of Professional Conduct include (Points: 4)
due professional care and supervision.
scope and nature of services and adequate training.
integrity and independence
public interest, integrity and objectivity.
32. A public client is required to report material changes in internal
control (Points: 4)
monthly.