1 A service that is an attestation service but not an audit has the following distinguishing factor(s) (select all that apply):

• An opinion is issue
• A written report is issued
• A written report may or may not be issued
• Assurance is provided on a subject that is someone else's responsibility

2 Prior to accepting an audit client, the auditor should perform which of the following (check all that apply):

• Perform background checks
• Confirm that management understands and acknowledges its responsibilities for the financial statements and internal controls
• Perform substantive tests to determine if management assertion are correct
• Obtain a signed representation letter from the client
• Confirm that management will provide the auditor with access to all necessary inforamation and personnel

3 Which of the following characteristics would likely lead an auditor to adjust performance materiality and/or tolerable misstatement to a lower amount (select all that apply)

• -a large number of expected misstatements
• The risk of material misstatement is low
• There are relatively few locations or subsidiaries to test
• A smaller portion of the account is being tested
• Management is generally resistant to adjustments

Please support your answers with explanation