to cut down on audit procedures and testing
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 . quarterly . annually .