Question 1:

Which of the two types of independence does the following situation apply to?

"The auditor should not be seen as accepting valuable gifts from their audit client?"

Question 48 options:

In appearance

In fact

Pre-audit

Post-audit

Question 2:

Of the five types of tests auditors use to determine whether financial statements are fairly stated, which two are substantive?

Question 47 options:

Analytical procedures and test of details of balances

Test of details of balances and risk assessment procedures

Test of controls and inquiry of management

Test of controls and analytical procedures

Question 3:

Which of the three components of the fraud triangle would lead the auditor to design procedures to investigate for fraud/defalcation, in the following situation?

"A recent change in the procedure to ship inventory to customers allows more employees than before to have access to the finished goods inventory. The company sells laptops.

Question 45 options:

Incentives/Pressures

Opportunities

Tone at the top

Attitudes and Rationalizations