Please answer these questions:

Which of the following best describes the conclusions an auditor makes in an integrated audit that results in an audit report that is unqualified? O d) The financial statements are free of material misstatement based on U.S. GAAP and based on the audit, the auditor agrees with management's report that internal control over financial reporting is effective and does not have any material weaknesses. c) The financial statements and internal control over financial reporting are materially correct. a) The financial statements are fair according to GAAP. O b) The financial statements are free of material misstatement based on U.S. GAAP and management's report on internal control over financial reporting states that there are no material weaknesses.Question 3 What is the purpose of a financial statement audit? O a) To provide assurance that the company is solvent. O d) Both B and C. O b) To provide assurance that the company has an effective internal control system that can produce fair financial statements. c) To provide assurance that the financial statements are reliable.Question 4 Which of the following would not be considered audit evidence? O d) Electronic images of the front and back of checks that the company has written. O c) Hard copy minutes of the Board of Directors and Audit Committee meetings. b) The electronic work paper program package used by the auditor to produce the electronic work papers. O a) Invoices received by the company and retained on the company's IT system in electronic form.Question 5 The Board of Directors: O d) All of these. O a) Reports to management. O b) Runs the company on a day-to-day basis. O c) Is elected by the shareholders.Question 6 The AICPA (American Institute of Certified Public Accountants): O b) Reports to the PCAOB. O c) Regulates CPAs at the state level. O d) None of these. O a) Is regulated by Congress.Question 7 A forensic accountant performs a fraud investigation with the same mind-set as an accountant working on an audit. True O False