A. Systematic selection
B. Pervasive selection
C. Random selection
D. Haphazard selection
Author: admin
A. The risk of the auditor carrying out a test the wrong way round
B. The risk of reliance on unsuitable audit evidence
C. The risk that the sample does not reflect the population
D. The risk of the auditor reaching the wrong conclusions from testing
A. the timing of the audit
B. whether corrections from the inventory count have been implemented
C. last year’s audit
D. the potential use of internal audit
A. The timing of the audit
B. Analytical review
C. Last year’s written representation letter
D. Obtaining written representations
A. Compliance risk
B. Detection risk
C. Control risk
D. Inherent risk
A. Background i.e. industry
B. Previous year’s audit i.e. any qualifications in the report
C. Considering the work to be done by the client staff e.g. internal audit
D. Considering whether the financial statements show a true and fair view
A. A matter is material only if it changes the audit report
B. A matter is material if the auditor and the directors both decide that further work needs to be done in the area under question
C. A matter is material only if it affects directors’ emoluments
D. A matter is material if its omission or misstatement would reasonably influence the decisions of an addressee of the auditors’ report
A. Until the audit is complete
B. Until the financial statements are complete
C. Until the next AGM (Annual General Meeting)
D. Until the directors remove them
A. the directors
B. the company’s creditors (payables)
C. the company’s bank
D. the shareholders
A. The shareholders in a general meeting
B. The managing director
C. The board of directors in a board meeting
D. The audit committee