1.

The final analytical review at the completion of an audit is typically performed by what member of the audit team?

	a.	Client accounting staff
	b.	Partner
	c.	Audit staff
	d.	Audit senior

2.

Which of the following types of audit evidence is an auditor most likely to collect if they are addressing the accuracy of payroll expense?

	a.	Inquiry of the payroll manager.
	b.	Confirmation of payroll tax payments made to the Dept. of the Treasury.
	c.	Observing the payroll clerk setup a new employee.
	d.	Recalculating a sample of payrolls.

3.

An auditor's ultimate duty is to which party? (Select the best answer).

	a.	The client.
	b.	The public at large, any potential user of the financial statements.
	c.	The bank that has extended the company a line of credit.
	d.	Stockholders.

4. Auditors are required to obtain a letter of representation from management.

True

False