41)The _____________________ is that the auditor looks at a procedure or process being performed by others.

Observation

Inquiry

Inspection

None of the given options

42)One of the procedure to obtain audit evidence for financial statements is inquiry. Identify, which one of the following procedure is related to inquiry?

Changes in internal control environment

Counting cash on hand for a company

Checking the title deed of land

Inspection of sales invoices

43)Which one of the following fundamental ethical principles is under threat when the auditor does not act diligently and in accordance with the applicable technical and professional standards when providing professional services?

Independence

Confidentiality

Professional competence and due care

professional skepticism