Question 15

1. Auditors should carefully consider which of the following assertions for loss contingencies?

   		A. Existence
   		B. Presentation and disclosure
   		C. Completeness
   		D. Rights and obligations

Question 16

1. Which of the following paragraphs is placed after the opinion paragraph in the standard unmodified report, when applicable?

   		A. Emphasis-of-matter paragraph
   		B. Scope paragraph
   		C. Opinion paragraph
   		D. Auditors responsibility paragraph