1. The risk assessment phase involves:_____________

a. performing detailed tests of controls.

b. evaluating

c. gaining an understanding of the client

d. all of the above.

2. Professional skepticism:________________

a. refers to the auditors objective and inquisitive approach

b. should be applied throughout the audit

c. requires investigation of all evidence

d. a through c

e. none of the above

3. The risk of material misstatement exists:___________

a. At the financial statement level

b. At the assertion level

c. a and b

d. none of the above