8. Audit evidence obtained directly by the auditor will not be reliable if:

		A. The auditor lacks the qualifications to evaluate the evidence
		B. It is impossible for the auditor to obtain additional supporting evidence.
		C. The client denies that it is authentic
		D. It is provided by the clients attorney

9. Audit documentation should possess certain characteristics such as Audit documentation should be indexed and cross-referenced/audit documentation should be organized to benefit the clients staff

		A. Yes/No
		B. No/No
		C. No/Yes
		D. Yes/Yes

10. the permanent audit file would usually include the following

		A. Organizational chart of the companys employees
		B. Summary of the auditors test of controls or the current years audit
		C. Summary of the risk assessment procedures performed
		D. Clients working trial balance

11. Inherent risk is reduced where the likelihood of theft is low. This would be true for an account such as:

		A. Inventory
		B. Cash
		C. Large fixed assets
		D. Marketable securities