1-Management has become overly aggressive in reaching target goals. This case is related to: *

Control Risk

Inherent Risk

Audit Risk

Detection Risk

2-For which of the following audit tests would an auditor most likely use sampling? *

Selecting accounts receivable balances for confirmation

Examining invoices in support of the valuation of fixed asset additions

Making an independent estimate of the amount of LIFO inventory

Inspecting employee time cards for proper approval by supervisors

3-The auditors join client stock take at the year end and see whether the way that they count is in the correct procedures or not. This is an example of: *

Reperformance

Inspection of tangible assets

Recalculation

Observation

4-The auditor is asking the internal auditors about some reports. This is an example of: *

Confirmation

Inquiry

Observation

Scanning

5-When the auditor used the audit procedure vouching, she is primarily concerned with which of the following audit objectives when testing classes of transactions? *

Authorization

Occurrence

Completeness

Classification