29. Which of the following standards are not issued by the International Auditing and Assurance Standards Board? a) International standards on assurance engagements b) International financial reporting standards e) International standards on quality control d) International standards on related services 30. Judgements about materiality are made in the light of surrounding circumstances, and are affected by: a) The nuditor's perception of the financial information needs of users of the financial statements. b) Both the auditor's perception of the financial information needs of users of the financial statements, the size or nature of a misstatement. c) The company's control environment. The size or nature of a misstatement 31. Which of the following is a characteristic of any fraud? a) It is concealed b) It results in the misappropriation of assets c) It is intentional d) It results in misstatement of the financial statements 32. An auditor has been asked to replace an existing auditor. Which of the following statements regarding a new auditor's communication with the existing auditor is/are true? 1) The new auditor can decide whether it is necessary to communicate with the existing auditor II) Both the new and old auditor must have the client's permission to communicate b) c) d) Neither I nor II Both I and II I only II only 33. International Standards on Auditing are the standards that are applied to financial accounting a) True b) False