10)NatAud which is an audit firm has started the audit for National paints LLC. Before the start of the audit, auditors have sent a notification letter and asked for the background information. Based on the background information and net worth of the National paints, the auditors have decided for limited scope of audit. It means the audit will be conducted

For two weeks only

for the transactions recorded for purchase and sales of assets only

for the transactions done during the last six month

for the first 15 days of every month

11)NatAud which is an audit firm has started the audit for National paints LLC. Before the start of the audit, auditors have sent a notification letter and asked for the background information. Based on the background information and net worth of the National paints, the auditors have decided for limited scope of audit. It means the audit will be conducted

For two weeks only

for the transactions recorded for purchase and sales of assets only

for the transactions done during the last six month

for the first 15 days of every month

12)To determine a effective control environment, the auditor should consider which of the following control environment actions for integrity and ethical values?

Create formal or informal job descriptions or other means of defining tasks that comprise particular jobs

Remove incentives that prompt personnel to engage in fraudulent or unethical behavior

Encourage independence from management.

Review the nature of business risk accepted.