(7) > When the auditor want to know the change of cost-allocated method of several products, which of the procedures can most likely help him? A. Inspection of assets & inquiry B. Confirmation & inspection of documentation C. Inquiry & recalculating D. Recalculating & observation (8) What is the level of assurance and type of opinion that can be provided on a review engagement? B C D Level of assurance Reasonable Reasonable Limited Limited Report wording Positive Negative Positive Negative (9) Which of the following financial statement assertions is least relevant to the audit of inventory? A. Completeness B. Existence C. Occurrence D. Classification (10) Which of the following should the auditors obtain from the predecessor auditors before accepting an audit engagement? A. Analysis of balance sheet accounts. B. Analysis of income statement accounts. C. Information about audit fees. D. Facts that might bear on the integrity of management