1.

Which type of audit opinion would be appropriate for the following:

There is a material and pervasive scope limitation.

Select one:

a. Unmodified

b. Qualified

c. Adverse

d. Disclaimer

2.

Where does identification of subsequent events fall on the audit timeline?

Select one:

a. Prior to the date of the financial statements.

b. Between the date of the financial statements and the date of the auditors' report.

c. Between the date of the auditors' report and the audit report release date.

d. Between the date of the financial statements and the audit report release date.

3.

Event: While performing interim testing of controls, your audit team finds several internal controls related to financial reporting are not operating effectively. How does this impact Inherent risk in the Audit Risk Model?

Select one:

a. It increases.

b. It decreases.

c. No effect.

d. Not applicable.

e. After the audit report release date.

4.

Where does Roll-forward work fall on the audit timeline?

Select one:

a. Prior to the date of the financial statements.

b. Between the date of the financial statements and the date of the auditors' report.

c. Between the date of the auditors' report and the audit report release date.

d. Between the date of the financial statements and the audit report release date.

e. After the audit report release date.