Audit

21. During the initial planning phase of an audit, a CPA mcst lkely woule A Identify specific internal control adtiuities that are lely t prevent fraud B. Evaluate the reasonableness of the dlient's accounting estimates C. Discuss the timing of the audit procedures with the dient's management D. Inquire of the dient's attorney as to any unnecorded dlaims 22. Which of the following would an auditor most liely use in dienermining the audior's cveral A. The anticipated sample size for plamned substantive procedures B. The entity's annualized interim (ie quarneryl financial stanerments C. The results of the internal contral questionnaire D. The contents of the management representation lether 23. Tolerable Misstatement is A. The amount of misstatement that management is willing to tolerate in the financial statements B. Materiality for the balance sheet as a whole C. Materiality for the income statement as a whole D. Materiality used to establish the scope of audit procedures for the indivicdual account balances o