FFF Company lost five of its major customers this year. The appropriate audit opinion is: Select one: a. Unmodified with explanatory paragraph audit opinion b. Unmodified audit opinion c. Adverse audit opinion d. Qualified audit opinion e. Disclaimer audit opinion The sample of month of January of each year should be: Select one: a. 100% and no sampling risk b. 100% and no sampling and non- sampling risk C. 100% and representative sample d. 100% of the population If the sample is 20 items and the population is 100 items and the auditor will start from items number 3. In this case, K and the fifth, seventh and eight items are equal to: Select one: a. K = 5 (items: 23-33-38) b. K= 5 (items 23-28-33) C. K= (items: 3-8-13) d. K= 5 (items: 28-33-38) If the inherent risk is 75%, Acceptable audit risk (AAR) is 20% and Control risk (CR) is 80%.The auditor plan that the risk should be not more than 25% in all cases. What is the type of audit report that the auditor will issue for this case? Select one: a. Adverse audit opinion b. Unmodified with explanatory paragraph audit opinion c. Disclaimer audit opinion d. Unmodified audit opinion e. Qualified audit opinion If the inherent risk is 95%, planned detection risk (PDR) is 7%, control risk (CR) is 80%. Calculate the acceptable audit risk (AAR). Answer: Previous page Next page The most risky audit opinion is: Select one: a. Unmodified with explanatory paragraph audit opinion b. Disclaimer audit opinion C. Qualified audit opinion O d. Adverse audit opinion