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Please help me with number 10,11,12,13,14,15,16,17 10. Indicate the most correct alternative to complete the following sentence: The omission of an amount in a report
Please help me with number 10,11,12,13,14,15,16,17
10. Indicate the most correct alternative to complete the following sentence: The omission of an amount in a report that would have changed how the reader would have reacted had the amount been included in the report, is an example of the auditing concept 1 materiality 2 assertions. 3 audit risk. 4 sufficient appropriate audit evidence. 11. Select the correct statement that exemplifies the audit term 'audit risk 1 Internal controls fail to adapt to changes in the business environment. 2 The auditor selects inappropriate audit procedures 3 The auditor forms an inappropriate audit opinion. 4 A transaction requires complex accounting calculations 12. Planning an audit is one of the stages of the audit process. Select a correct reason why it is important to plan an audit 1 to devote appropriate attention to important areas of the audit 2 3 to enable the audit firm to establish whether it wishes to continue with the client relationship to assist the auditor in evaluating the audit evidence and deciding whether sufficient audit evidence has been obtained to perform tests of controls and substantive procedures in order to reduce the assessed risk 4 13. Planning an audit involves designing both an audit strategy and an audit plan. Select the correct statement An audit plan is less detailed that an audit strategy 2 An audit strategy will include the nature, timing and extent of risk assessment procedures to be performed. An audit strategy and an audit plan are basically the same thing 3 An audit strategy is needed to drive a detailed audit plan. 14. During the planning stage of an audit, the auditor assesses that a risk of material misstatement exists at financial statement level. Select the most appropriate overall response to be taken by the auditor. 1 Ensure more effective supervision. 2 Resign as an independent auditor. 3 No response is required at this stage of the audit. 4 Take no further action but report the matter to management 15. Complete the following sentence: An auditor who performs his/her daily task with honesty, diligence, and responsibility is acting... 1 with integrity 2 objectively 3 confidentially with due care 16. Complete the following sentence: An auditor who arrives at appointments on time is behaving ... 1 with integrity, 2 objectively 3 professionally 4 with due care AUE1501/101/3/2020 17. Select the most appropriate alternative to complete the following sentence: An auditor who has unravelled a scheme that amounts to corruption, who refuses to change his view on the matter, and who is ready to report the matter is behaving ... 1 with integrity. 2 objectively. 3 professionally with integrity, objectivity, and with due careStep by Step Solution
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