1. is/are responsible for creating and maintaining a culture of honesty and ethical behavior in the entity. A) Auditors B) Employees C) Shareholders D) Management 2. Because of the risk of material misstatement, an audit of financial statements in accordance with generally accepted auditing standards should be planned and performed with an attitude of A) objective judgment. B) independent integrity. C) professional skepticism. D) impartial conservatism. 3. Ignoring any particular legal or regulatory requirement, audit documentation should be retained A) for a minimum of five years. B) for a minimum of seven years. C) until three years after the client appoints another auditor. D) forever. 4. The Hong Kong Standards on Auditing A) develop a conceptual framework for improving the standard setting process. B) provide an independent standard about the specific activities which an auditor must perform during the auditing process. C) formulate specific guidelines for acceptance of audit engagements. D) define the expected standards of performance when carrying out non-assurance services.