1. What is the term used to describe a systematic process of objectively obtaining evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested users?

Internal audit.

Financial statement audit.

External audit

Program audit

2. Which of the following is not one of the reasons for increased litigation related to audits?

Class action lawsuit.

Increased complexity of accounting standards

Contingent-fee-based compensation for law firms.

Joint and several liability doctrines

3.

Which of the following is a principle of the Code of Ethics of the International Ethics Standards Board for Accountants but not a principle found in the AICPA Professional Code of Conduct?

		Integrity
		Professional Behavior
		Confidentiality
		Objectivity