QUESTION 18

1. If the going concern assumption is not appropriate for the audit client but the client refuses to use an appropriate alternative basis of accounting, the auditor should issue:
2. A.An unmodified audit report.
3. B.An emphasis of matter paragraph.
4. C.An adverse opinion.
5. D.A disclaimer of opinion.

1 points

QUESTION 19

1. Which one of the following is NOT one of the phases in planning an audit?
2. A.Audit of transaction cycle
3. B.Understand the client's industry and business
4. C.Client acceptance and continuance
5. D.Perform preliminary analytical procedures