93. The third general standard states that due care is to be exercised in the pertomance of an audi. This standard is ordinarily interpreted to require A. limited review of the indication of employee fraud and illegal acts B, thorough review of the existing saleguards over access to assets and records , objective review of the adequacy of the technical tanng and proficiency of firm personne. D. ertical review of the Kudgment exercised at every level of supervision 94 What is the general character of the three generally accepted auditing standards classified as general standards7 A Criteria for competence, independence, and professional care of individuals performing the audn. . Criteria for the content of the audnor's report on financial statements and related footnote disclosures. C. The requirements for the planning of the audit and supervision of assistants. any. D. Criteria for the content of the financial statements and related footnote disclosures 95. The audit work performed by each assistant should be reviewed to determine whether it was adequately performed, and to evaluate whether the A. audit procedures performed are approved in the professional standards. B. auditor's system of quality control has beon maintained at a high level. c, audit has been performed by persons having adequate technical training and proficiency as auditors D. results are consistent with the conclusions to be presented in the audor's report 96. A CPA is mostly likely to refer to one or more of the three general auditing standards in A. Whether the CPA should undertake an audit engagements B. requirements for the review of internal control. C. the scope of the CPA's auditing procedures. D. the nature of the CPA's report qualifications. 97, What is the meaning of the generally accepted auditing standard that requires the auditor be independent ? A. The auditor's sole obligation is to third parties. B. The auditor must be without bias with respect to the client under audit. C. The auditor may have a direct ownership interest in the client's business if it is not material D. The auditor must adopt a critical attitude during the audit 98. The primary purpose of establishing quality control policies and procedures for deciding whether to accept a new client is to: A. minimize the likelihood of association with clients whose management lacks 8. anticipate before performing C. enable the CPA firm to attest to the reliability of the client. D. satisfy the CPA firm's duty to the public concerning the acceptance of new clients any field work whether an unqualified opinion can be expressed. 99. Which of the following factors would most likely cause an auditor not to accept a new audit engagement ? A. An inadequate understanding of the entity's internal control 8. An inability to perform preliminary analytical procedure before assessing control risk. C. Concluding that the entity's management probably lacks integrity D. The close proximity to the end of the entity's fiscal year 100. During the initial planning phase of an audit, a CPA would most likely A. discuss the timing of the audit procedures with the client's management. B. evaluate the reasonableness of the client's accounting estimates. C. identify specific internal control activities that are likely to prevent fraud. D. inquire of the client's attorney as to whether any unrecorded claims are prohibited of assertion