If a principal auditor decides to refer in his or her report to the audit of another auditor, he or she is required to disclose theQuestion 40AnswerA.name of the other auditor.B.nature of the inquiry into the other auditor’s professional standing and extent of the review of the other auditor’s work.C.portion of the financial statements audited by the other auditor.D.  reasons for being unwilling to assume responsibility for the other auditor’s work.

After issuing a report, an auditor has no longer obligation to make continuing inquiries or perform other procedures concerning the audited financial statements, unlessSelect one:a.Information, which existed at the report date and may affect the report, comes to the auditor's attention.b.Information about an event that occurred after the end of fieldwork comes to the auditor's attention.c.Management of the entity requests the auditor to reissue the auditor's report.d.Final determinations or resolutions are made of contingencies that had been disclosed in the financial statements.

The audit committee should report to the board of directors on which of these matters?Group of answer choicesthe use of experts by the independent auditoraudit procedures carried out by the internal auditorrecommendations for the appointment or removal of an auditoraudit procedures carried out by the independent auditor PreviousNext

The competence of evidence available to an auditor is least likely to be affected bySelect one:a.The relevance of such evidence to the financial statement assertion being investigated.b.The relationship of the preparer of such evidence to the entity being audited.c.The sampling method employed by the auditor to obtain a sample of such evidence.d.The timeliness of such audit evidence.

An auditor who audits the financial report of a company, registered scheme or disclosing entity must report to members: a. An opinion of whether the financial report complies with accounting standards and gives a true and fair view. b. An opinion of whether the directors and other key management personal have properly managed the entity during the period. c. A statement of whether anything has come their attention that could make the financial report false and misleading. d. A confirmation that the financial report complies with accounting standards and gives a true and fair view.

.Question 3How is auditing related to accounting?