1. The audit report is usually written but, in certain circumstances, can be in the form of a verbal

presentation to the audit committee.

A. True

B.

False

2. For some engagements, the financial statements might be audited in accordance with multiple

auditing standards.

a. True

b. False

3. After the balance sheet date but prior to the audit report date, the client decides to acquire Big Daddy

Company to obtain a significant increase in revenues. The auditor's report would probably

include the statement: "except for the acquisition of Big Daddy Company...".

a. True

b. False