Question
Can you answer thse questions please? g. Which of the following items would most likely be kept in the auditor's permanent working paper file? 1)
Can you answer thse questions please?
g. Which of the following items would most likely be kept in the auditor's permanent working paper file?
1) Initial risk assessment notes
2) Engagement planning memorandum
3) Copies or excerpts of the corporate charter
4) Trial balance of general ledger accounts
h. CAS requires that analytical procedures applicable in the circumstances are required at which times during an audit?
1) At the risk assessment phase only
2) At risk assessment, risk response & reporting phases
3) At the reporting phase only
4) At the risk response phase only
i. When would it be appropriate for an auditor to consider using negative confirmations for receivables, instead of positive confirmations?
1) When inherent risk and control risk are low
2) When individual balances are large
3) When accounts are in dispute
4) When the client requests the auditor to use this method
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