Employees of Sunshine Resorts Company is being interviewed by the auditor of the company. The auditor is interviewing the employees in order to evaluate the internal control system of the company. Which of the following information CANNOT be obtained by the auditor through this technique? How well the business owners and managers educate employees on the importance of safeguarding business operations How and why the owner's created certain internal controls How well individuals are trained for their jobs How do employees protect the company's business and financial information? uge Ouesto 31 The auditor has a responsibility to plan and perform the audit: Not yet wered To obtain reasonable assurance that the internal auditor was dependent on the opinion of the accountant who prepared the financial statements To obtain reasonable assurance about whether the financial statements are free of material misstatement To obtain absolute assurance about whether the financial statements are free of material misstatement To obtain sufficient and appropriate evidence that the management is aware of the accounting standards for preparation of financial statements The timerrationar warning guncennes need assuranceman Answer saved Marked out of The audit has been conducted as per set standards 100 Flag question 42 43 44 33 47 48 49 50 Not yet answered Ms. Aalia the auditor of Al Alami Logistic Company wants to check the Rights and Obligations assertion related to the inventory of the company. Which one of the following will Ms. Aalia do to check it? Marked out of attempt teck if the value of inventory in Al AalamLogistic'sis recognized at the lower of cost or net realizable value eck if the value of all the inventory is recognized in Al AnlamLogistie'sand nothing is left without being included eck if the inventory recognized in Al AalamLogistic's balance sheet exists at the end of the period eck if the inventory recognized in the Al AalamLogistic's balance sheet is owned by the companyand the balance of account payable represents the obligation on the company Regulatory Requirements Other Reporting Responsibilities Marted out of Which one of the following is true about secret reserves? Secret reserves get accumulated unintentionally and not related to the actual profit Secret reserves are the reserves that are not shown in the balance sheet Secret reserves are disclosed to the shareholders and the government only Secret reserves represent the amount by which the assets of an organization are overstated or its liabilities are understated montaining cent evidence to support the minancial statement assertions, the auctor develops SPECIFIC AUCHT OBJECTIVES