choose the correct answer:-

Q1: Tech Company has disclosed an uncertainty due to pending litigation. The auditor decides to issue a qualified opinion due to :

1. Inability to estimate the amount of loss

2. Entity's lack of experience with such litigation.

3. Lack of insurance coverage for possible losses from such litigation

4. Lack of sufficient evidence

Q2: As lower accepted levels of both audit risk and materiality are established, the auditor should plan more work on individual accounts to:

1. Find larger errors

2. Increase the tolerable error in the accounts

3. Find smaller errors

4. Decrease the risk of overreliance

Q3: An Assurance report on information can provide assurance about the information quality ,except for :

1. Relevance

2. Reliability

3. Durability

4. Timeliness