Which of the following is usually included or shown in the auditor's working papers?Select one:a.The procedures used by the auditor to verify the personal financial status of members of the client's management teamb.Analyses that are designed to be a part of, or a substitute for, the client's accounting recordsc.The manner in which exceptions and unusual matters disclosed by the auditor's procedures were resolved or treatedd.Excerpts from authoritative pronouncements that support the underlying generally accepted accounting principles used in preparing the financial statements

Working papers that record the procedures used by the auditor to gather evidence should beSelect one:a.Viewed as the connecting link between the books of accounts and the financial statements.b.Designed to meet the circumstances of the particular engagement.c.Destroyed when the audited entity ceases to be a client.d.Considered the primary support for the financial statements being audited.

Which of the following types of audits is performed to determine whether an entity's financial statements are fairly stated in conformity with generally accepted accounting principles?Select one:a.Compliance auditb.Financial statement auditc.Performance auditd.Operational audit

Analytical procedures used in planning an audit should focus onSelect one:a.Providing assurance that potential material misstatements will be identified.b.Assessing the adequacy of the available evidential matter.c.Enhancing the auditor's understanding of the client's business.d.Reducing the scope of tests of controls and substantive tests.

The following are the Fieldwork Standards, except:Select one:a.The auditor must obtain a sufficient understanding of the entity and its environment, including its internal control, to assess the risk of material misstatement of the financial statements whether due to error or fraud, and to design the nature, timing, and extent of further audit procedures.b.The auditor must adequately plan the work and must properly supervise any assistants.c.The auditor must identify in the auditor's report those circumstances in which such principles have not been consistently observed in the current period in relation to the preceding period.d.The auditor must obtain sufficient appropriate audit evidence by performing audit procedures to afford a reasonable basis for an opinion regarding the financial statements under audit

These are prepared based upon the assumption that the users of financial reports understand the conventions and accounting principles that are applied.Select one:a.financial statementsb.all of the choicesc.audit reportd.internal controls