19)The strength of audit evidence is determined by which two qualities?

Reliability & extensiveness

Objectivity & independence

Sufficiency & appropriateness

Appropriateness & competence

20)Which of the following statements are not true about auditors responsibilities?

a) The financial statements are auditors responsibility

b) The auditor's responsibility for the audited financial statements is confined to the expression of his or her opinion on them

c) To identify and assess the risks of material mis-statement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain sufficient appropriate audit evidence to provide a basis for the auditors opinion

d) To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances and for the purpose of expressing an opinion on the effectiveness of the entitys internal control.

All a) , b) , c) and d)

Only a)

Only a) and d)

Only a) and c)

21)Who fixes the remuneration of the External Auditor?

Ministry of Finance

Management

The previous Auditor

Whoever made the appointment of the Auditor