Question 1 Not yet answered Marked out of 1.00 P Flag question The auditor has a responsibility to plan and perform the audit to obtain O a. 100 percent Assurance O b. Reasonable assurance c. No assurance O d. Absolute assurance Question 2 Not yet answered Marked out of 1.00 P Flag question A professional accountant should not allow bias, conflict of interest or undue influence of others, it means O a. Professional behavior O b. Confidentiality O c. Objectivity O d. Integrity The expectation gap is the difference between what the general public believes the auditor's responsibilities and function to be and the auditor's actual responsibilities. Which TWO of the following beliefs are examples of the expectations gap? 1. Auditors test all transactions and balances. 2.An audit gives reasonable assurance that the financial statements are free from material misstatement. 3.Auditors are responsible for the detection of fraud. 4. An External Audit is an example of giving Assurance O a. 1 and 4 O b. 1 and 3 O c. 1 and 2 O d. 2 and 3 Question 4 Not yet answered Marked out of 1.00 Flag question Mr.Adil Ali al Kalbani is the audit engagement partner of A&Y, an audit firm based in Muscat. This year firm got a new client Oman Steel SAOC from Sohar. The finance Director of Oman Steel company Mr. Anwar Ali al Kalbani is the younger brother of the audit engagement partner. You are required to identify which one of the following threats to fundamental principle is matching with the above situation. a. Familiarity threat O b. Intimidation threat O c. Advocacy threat O d. Self review threat