2. An audit of the University of Massachusetts Boston would follow auditing standards issued by: a. AICPA's Auditing Standardis Board b. Financial Accounting Standards Board c. International Auditing and Assurance Standards Board d. Public Company Accounting Oversight Board e. Securities and Exchange Commission Answer 3. Which of the following terms is associated with the auditing standard stating: In rare circumstances, the auditor may judge it necessary to depart from a relevant presumptively mandatory requirement. In such circumstances, the auditor should perform alternative procedures to achieve the intent of the requirement. proceduresAU-C200.26c.Musta.Cana.Should Answer 4. Consider the following statements: I. Conceptually, to DECREASE the level of DETECTION RISK, the auditor does LEss substantive testing (i.e. less audit work). II. Regarding the Audit Risk Model, Detection Risk would vary DIRECTLYLY with Audit Risk. a. I is true; II is true. c. I 1s false; II is true. b. I is true; II is false. d. I is false; II is false