1. Which of the following statements does not pertain to responsibilities of management and those in charge of governance?

a. Establish and implement internal controls relevant to the preparation of financial reports.

b. Adopt appropriate accounting policies and in making reasonable accounting estimates.

c. Provide the auditor unrestricted access to all persons within and outside the entity from whom the auditor deems it necessary to obtain evidence relevant to the audit.

d. Preparation of financial statements in accordance with the applicable financial reporting framework.

2. The cash account affects all the transaction cycles except:

a. Inventory and warehousing cycle

b. Capital and repayment cycle

c. Payroll cycle

d. Revenue to collection cycle

3. The auditor confirms the receivable of the entity to the entitys customers:

a. Cutoff

b. Valuation

c. Existence

d. Completeness

4.Verifying the measurement of investments against published price quotations in the market.

a. Existence

b. Valuation

c. Rights

d. Completeness

5. Revenue recognized by the client is correctly measured and captured in the accounting records.

a. Valuation

b. Cutoff

c. Occurrence

d. Accuracy