CAuditors and management's responsibilities. Objectives and scope of the audit. d. 6 Which of the following is least likely to be required on an audit? a. Risk Assessment of the entity, it's environment and it's internal controls b. Perform procedures to identify loss contingencies c. Make legal judgments as to whether fraud has occurred. d. Evaluate business rationales for significant, unusual transactions. 9. 6 Following transactions from their source documents to their inclusion in financial statements is a test of the following audit objective: 10. a. Existence or Occurrence. b. Completeness. C. Rights. d. Valuation