Audit in accordance with PSAs is conducted on the premise that management and, where appropriate, those charged with governance have responsibilities that are fundamental to the conduct of the audit.Select one:TrueFalse

An audit conducted in accordance with PSAs and relevant ethical requirements enables the auditor to form that opinion.Select one:TrueFalse

Quality control systems, policies and procedures are the responsibility of theSelect one:a.management's accountantb.managementc.those charged with the governance of the clientd.audit firm

The audit of the financial statements relieves management or those charged with governance of responsibilities.Select one:TrueFalse

A practitioner's report expressing an opinion on an entity's internal controls should state that the study and evaluation of the internal controls was conducted in accordance with Philippine Standards on Auditing (PSA).Select one:TrueFalse

An audit requires an understanding of all the control activities related to each significant class of transactions, account balance, and disclosure in the financial statements or to every assertion relevant to them.Select one:TrueFalse