34. Which of the following would be considered before accepting a new appointment as auditor? 1. The potential fee 11 The reputation of the audit firm III. Ethical threats and safeguards IV. The available resources a) III and IV only b) I, III and IV only c) II, III and IV only d) I, II, III and IV 35. Which of the following is not an ISA 200 requirement relating to an audit of financial statements? a) The auditor shall exercise common sense in planning and performing an audit of financial statements b) Compliance with relevant ethical requirements, including those pertaining to independence e) The auditor shall plan and perform an audit with professional skepticism, recognizing that circumstances may exist that cause the financial statements to be materially misstated. d) To obtain reasonable assurance, the auditor must obtain sufficient appropriate audit evidence to reduce audit risk to an acceptably low level 36. International Auditing and Assurance Standards Board issues all the following standards except: a) International Standards on Assurance Engagements (ISAE). b) International Standards on Related Services (ISRS). International Standards on Special Purpose Audits (ISPA). d) International Standards on Quality Control (ISQC). 37. To safeguard against a self-interest threat to objectivity, a professional accountant in public practice entrusted with money (or other assets) belonging to others should do all the following except a) Report all transactions to the person whose money is being held on a periodic basis b) At all times be ready to account for those assets and any income, dividends or gains generated c) Use such assets only for the purpose for which they are intended d) keep such assets separately from personal or firm assets