70 SU 2: Professional Responsibilities 19. According to the PCAOB, an accounting firm is most likely to be independent of its audit client QUESTIONS 5.1 Introduction to Internal Control 1. The primary objective of procedures performed to obtain an understanding of internal control is to provide an auditor with A. A reasonable investor would conclude that it is not objective and impartial B. The firm's audit professional is responsible for internal control over financial reporting. C. The firm's audit professional implemented the client's internal control over financial eporting. D. the firm recommended an aggressive tax position to the client that is more likely than not to be legally allowed. A. Knowledge necessary for audit planning. B. Evidence to use in assessing inherent risk. C. A basis for modifying tests of controls. D. An evaluation of the consistency of application of management's policies 2. In an audit of financial statements, an auditor's primary consideration regarding an internal control is whether the control 20. According to the Sarbanes-Oxley Act of 2002, which of the following non-audit services can be provided by a registered public accounting firm to the client contemporaneously with the audit when preapproval is granted by audit committee action? Pes can be or the followes-Oxley A. Reflects management's philosophy and operating style. B. Affects management's financial statement assertions. C. Provides adequate safeguards over access to assets. D. Relates to operational objectives A. Internal audit outsourcing services. B. Tax services. C. Actuarial services related to the audit. D. Advice on financial information system design