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(Points: 4)
CPAs
internal auditors
governmental auditors
AICPA
24. The primary governing board that performs quality reviews on
registered CPA firms that audit public companies is the (Points: 4)
PCAOB
GAO
AICPA
FASB
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