Answered step by step
Verified Expert Solution
Question
1 Approved Answer
CCBS 4017 Principles of Auditing 2019-2020 S2 END-OF-TERM ASSESSMENT Section A (30 marks) Auswer ALL multiple-choice questions from this section. Each question carries 3 marks.
CCBS 4017 Principles of Auditing 2019-2020 S2 END-OF-TERM ASSESSMENT Section A (30 marks) Auswer ALL multiple-choice questions from this section. Each question carries 3 marks. 1 The purpose of is to evaluate the economy and efficiency with which resources are employed. A) financial audit B) compliance audit C) internal audit D) governmental audit 2. Ignoring any particular legal or regulatory requirement, audit documentation should be retained A for a minimum of five years. B for a minimum of seven years. C until three years after the client appoints another auditor D forever 3. is NOT a component of the audit risk model. A) Inherent risk B) Statistical risk C) Detection risk D) Control risk 4. Which of the following are covered by the auditors' report? Statement of cash flows II Statement of financial position III Notes to the statement of comprehensive income and statement of financial position A) I and II only B) I and III only C) II and III only D) I. II and III 2
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started