16-The senior management is not approving the disbursements. This is an example of: *

Detection Risk

Audit risk

Control risk

Inherent risk

17-Audit sampling is commonly used for which type of audit evidence: *

Inspection of tangible assets

Observation

Inquiry

Analytical procedures

18-Which of the following is not correct regarding an auditor's decision that a lower acceptable audit risk is appropriate? *

Special care is required in assigning experienced staff

Review of audit documentation is performed by personnel not assigned to the engagement

Less evidence is accumulated

More evidence is accumulated

19-Audit sampling is not used for which type of audit evidence: *

Inspection of tangible assets

Recalculation

Confirmation

Observation

20-Rubentus Corporation was suffering recurring losses from operations and has a net capital deficiency that raises extreme doubt about its ability to operate next year. In this case, the auditor would issue a (an): *

Adverse opinion

Disclaimer of opinion

Unqualified opinion plus an explanatory paragraph

Qualified opinion