23. When planning an audit, which of the following statements is false?

When panning the audit the auditor must consider that he/she is an advocate for the client

The auditor will develop an overall audit strategy for conducting the audit. This will help the auditor to determine what resources are needed to perform the engagement

An audit plan is more detailed than the audit strategy

Basically, the audit plan should consider how to conduct the engagement in an effective and efficient manner

24. Which statement is false when making an acceptance decision?

when communicating with the predessor auditor he/whe must let you review the complete audit files if the client gives permission

Ability to make a judgement regarding management's integrity is considered

to accept a client you should have expetise in the client industry

engagement letters are required

25. Which is false regarding COSO's definition/explanation of risk appetite?

a firm's risk appetite has little or no influence on the acceptance decisojn

Risk appetitie is strategic and is related to the pursuit of organizational objectives

Risk appetite guides the allocation of resources;

Risk appetite is a part of corporate governance