1 Not yet saved Marked out of 1.00 Flag question Which of the following describes circumstances in which an external auditor is LEAST likely to rely on the work of a client's internal audit function? Select one: The internal audit function has transitioned from an assurance role to a predominantly consulting role focused on identifying opportunities to improve operating efficiencies. The internal audit function is staffed with experienced staff who adapt audit programs sourced from online knowledge banks to suit the organisation's operations and risks. The chief audit executive reports to the CFO and the CEO and meets with the audit committee chairperson informally twice a year. The board has approved increased resourcing for the internal audit function to increase its staffing to obtain greater coverage on risk management and controls testing. Question 2 Not yet saved Marked out of 1.00 Flag question On 20 July 2021, you discover that because of the payout of the material lawsuit, there is material uncertainty as to whether OfficeWorks will remain as a going concern. OfficeWork's management are confident that they will be able to obtain a bank loan to keep the company afloat and have accordingly not amended the basis of accounting in the financial report. However, they have included a note to the financial report discussing the issue which you believe adequately draws users' attention to the material uncertainty. Which of the following audit opinions would be MOST likely issued for the OfficeWork's engagement? Select one: Qualified with Other Matter paragraph. Unmodified with Emphasis of Matter paragraph. Unmodified with Material Uncertainty section. Adverse opinion