Question 2 1 pts Which of these is not a function of the Office of the Auditor-General (OAG) of New Zealand? Commenting on government policy. Carrying out performance audits. All are functions of the OAG. Auditing the statements of government bodies. Question 9 1 pts Which of the following statements about Key Audit Matters (KAMs) is not true? None of the suggested answers are true. Communication of KAMs is a substitute for disclosures that management are required to make as part of the financial report The auditor does not have to report KAMs in the audit report Where the auditors decide to modify the audit report, they do not include this matter in the KAM section. Question 16 1 pts Qualitative factors are applicable to materiality levels for particular classes of transactions, account balances or disclosures. The auditor considers the nature and other related matters of the items that might give rise to the risk of material misstatement such as: All of the suggested answers are correct. Qualitative disclosures that are important to users of the financial report because of the nature of the entity. The applicable financial reporting framework. The circumstances of the entity. Question 20 1 pts Which of these would generally be considered the least appropriate form of evidence? The auditor's computation of earnings per share. Pre-numbered sales invoices prepared by the accounts receivable clerk. The auditor's inspection of new machinery acquisitions for the current year where the client is a computer manufacturer. Correspondence from the client's solicitor concerning litigation