22) An auditor obtains knowledpe atout a hes client's lowiness and its indutery to A) make constructhe supeestices eencerning imprevements to the client'sinternat conarol. B) develop an atsituale of profensioral sheptickth certicerning managerthent's financial statement assertiona, C) evaluate whether the ardecition of anowa miataterm tnts causes the financial statements taken as a whale to ber materiall misstated. D) understand the evests and trandactiods that may have an effect on the client's financial satementi. 231 The aud tor finds that Haldisar, Corporation excupies office space, at no charez, in an office bulding owned by a tharcholder. Thes finding likely indicates the eaistence of A) mankgentent framad. B) related party translations. C) windaw dressing. D) weak insernal cobtroh: 24) Tolerable mistatement (abo referted to ar fitrformance materiality) bs: A) materality allocated to an asiertien B) materialify for the balance shert as a ickle C) materialty for the income stite ent an a mbele. 0) materialify allocated to a ipecilic aeceturt. 25) In the cantext of an audit of financol ataenments, substantive procedures are audit procedures that A) may be climinated ynder certain cooditong 8) are ptimarily gesiened to dircouer sechifand sudesequent events. C) mary be either tests of detals of transactions, tests of details of account balances, or anahytical proctdures. D) was increate proportionately with oh increase in the auditor's reliance on intermal control: 26) Which of the followaine would at andits nost libily use in deterimining the auditor's: overall mateciality? A) the anticipated sample sire fer planned mitiantive peocedures: ii) the entity's antwaited interin (i. . quarterly financial matements C) the reaults of the internal contrel equtionculire D) the contents of the manapement rapreientrion letter 22) An auditor obtains knowledpe atout a hes client's lowiness and its indutery to A) make constructhe supeestices eencerning imprevements to the client'sinternat conarol. B) develop an atsituale of profensioral sheptickth certicerning managerthent's financial statement assertiona, C) evaluate whether the ardecition of anowa miataterm tnts causes the financial statements taken as a whale to ber materiall misstated. D) understand the evests and trandactiods that may have an effect on the client's financial satementi. 231 The aud tor finds that Haldisar, Corporation excupies office space, at no charez, in an office bulding owned by a tharcholder. Thes finding likely indicates the eaistence of A) mankgentent framad. B) related party translations. C) windaw dressing. D) weak insernal cobtroh: 24) Tolerable mistatement (abo referted to ar fitrformance materiality) bs: A) materality allocated to an asiertien B) materialify for the balance shert as a ickle C) materialty for the income stite ent an a mbele. 0) materialify allocated to a ipecilic aeceturt. 25) In the cantext of an audit of financol ataenments, substantive procedures are audit procedures that A) may be climinated ynder certain cooditong 8) are ptimarily gesiened to dircouer sechifand sudesequent events. C) mary be either tests of detals of transactions, tests of details of account balances, or anahytical proctdures. D) was increate proportionately with oh increase in the auditor's reliance on intermal control: 26) Which of the followaine would at andits nost libily use in deterimining the auditor's: overall mateciality? A) the anticipated sample sire fer planned mitiantive peocedures: ii) the entity's antwaited interin (i. . quarterly financial matements C) the reaults of the internal contrel equtionculire D) the contents of the manapement rapreientrion letter
