23. In the early stages of the audit (i.e., during risk assessment), the auditor uses analytical procedures: A) to identify weaknesses in internal control B) to identify misstatements in the client's nancial statements C) as substantive audit evidence supporting assertions in the nancial statements D) to understand the business, to assess risk, and to help determine the nature, timing, and extent of other audit procedures 24. To qualify as a substantive analytical procedure, the auditor must do the following, except: A) conclude that other substantive procedures would not provide sufficient appropriate audit evidence for the assertion(s) being tested B) develop an expectation C) evaluate the reliability of the data used to make the expectation D) determine the amount of any difference between the expectation and recorded amount that is acceptable 25. Which of the following is n_ot a function of audit documentation? A) Provide support for the auditors' report B) Provide support to client management for its assertions in the nancial statements C) Document staff compliance with generally accepted auditing standards D) Document audit evidence obtained 26. An assurance service: A) is an independent professional service that improves the quality of information for decision makers B) is an independent professional service that provides assurance to decision makers about the quality of their decisions C) provides absolute assurance that management's assertions are fairly presented instead of the reasonable assurance provided by an audit D) includes only those services performed under auditing or attestation standards 27. The Public Interest principle of professional conduct applies only to members of the AICPA in public practice and n_ot to AICPA members who work as accountants in business, government, or education. A) True B) False 28. Cheating on this examination is most clearly a violation of which of the following principles of professional conduct? A) independence and objectivity B) due care C) integity D) scope and nature of services 29. An engagement in which an auditor determines whether the company has followed the requirements in a contract is a: A) compliance audit B) operational audit C) contractual audit D) internal control audit