(9) Which of the following statements regarding analytical procedures is true? A At the completion stage, analytical procedures can be done by the junior auditor in charge of the audit. Analytical procedures do not need to be undertaken at the end of the audit if the audit has gone according to plan. B C Analytical procedures at the completion stage can be performed on the client's draft financial statements. The results of analytical procedures at the completion stage may lead to the auditor performing further procedures. (10) Frank, a partner with Lifford and Associates, has been approached by Eva. the owner of Naturally Green, a local clothing store, to be its auditor. Which of the following situations would require the auditor to decline the financial- statement engagement? Through conversations with Eva, the auditor discovers that one of the part-time cashiers hired last month has been stealing clothing during her shifts. Lifford and Associates does not have any other clients in the B clothing or retail industry. Eva, the owner of Naturally Green, has advised Frank that all questions from the audit team must be presented to her and that the audit team is not permitted to query the staff at Naturally Green. Eva is often away on business. D Eva first met Frank last year when he moved into the neighbourhood. They are acquaintances. (11) Auditors have found that generally the most efficient and effective way to conduct audits is to obtain complete assurance about the correctness of each class of transactions affecting the account. B obtain some combination of assurance for each class of transactions and for the ending balance in the related accounts. obtain assurance about the ending balance of the account only. D verify each entry that was made into an account