Question 10

Which of the following is not a method the auditor can use to alter the evidence process related to risk?

		A. the auditor can change the nature of evidence
		B. the auditor can change the timing of the evidence
		C. the auditor can change the extent of evidence gathered in response to the risk assessment
		D. the auditor can change the reliability of evidence gathered in response to the risk assessment

5 points

Question 11

Significant findings are to be documented by the auditor, including actions taken to address them and the basis for the final conclusion reached. Findings that might be significant include

		A. accounting for complex or unusual transactions or accounting estimates or uncertainties
		B. results of audit procedures indicating that the financial statements or disclosure are not misstated or the need for an auditor to revise his previous assessment of the risk of misstatement
		C. circumstances that made it relatively easy for the auditor to apply auditing procedures
		D. findings that could result in modifications to management's report
		E. adjustments that the auditor has proposed to the financial statements
		F. both a and e
		G. both b and d
		H. both d and e

5 points

Question 12

The auditor should complete the assembly of the final audit file within 45 days of the report release date (60 days for private companies). After the 45/60 day time period

		A. the auditor should not delete or discard any information from the file
		B. new information can be added if necessary if accompanied by management's approval for the addition
		C. new information can be added if necessary if accompanied by the name of the person adding the information
		D. new information can be added if necessary if accompanied by the reissuance of the audit report
		E. new information can be added if necessary if the information was inadvertently omitted during the course of the audit
		F. both a and c
		G. both a and e