1. Which of the following statements regarding sufficient appropriate evidence is true as it relates to the elements of an assurance engagement? a) The practitioner plans and performs the assurance engagement to obtain sufficient appropriate evidence about whether the subject matter is free from material misstatement. b) The practitioner is only concerned with the quality and quantity of available evidence when determining the nature, timing, and extent of evidence-gathering procedures to support the opinion. c) The practitioner is only concerned with the quality of available evidence when determining the nature, timing, and extent of evidence-gathering procedures to support the opinion. d) The practitioner plans and performs the assurance engagement to obtain sufficient appropriate evidence about whether a suitable criterion is free from material misstatement. 2. One of the fundamental concepts in understanding the value of the audit opinion is reasonable assurance. Which of the following statements regarding reasonable assurance is true? a) Reasonable assurance implies that the financial statements are plausible or worthy of belief. b) Reasonable assurance suggests that nothing has come to the public accountant's attention to indicate that the financial information being reported on is not in accordance with the applicable reporting framework. c) Reasonable assurance suggests that the auditor has obtained an appropriate amount of evidence to provide an opinion that the financial statements are accurate to an absolute level. d) Reasonable assurance implies that the auditor obtains sufficient appropriate evidence to be able to provide a high level of assurance that the financial statements are free from material misstatements.