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QUESTION 24 Audit evidence will typically consist of Information that supports the auditor's initial assessment of audit risk all records prepared by the auditor, not
QUESTION 24 Audit evidence will typically consist of Information that supports the auditor's initial assessment of audit risk all records prepared by the auditor, not including records received from external entities all observations made by the auditor information that supports and corroborates management's assertions and any information that contradicts the assertions QUESTION 25 When the auditor identifies internal control weaknesses, control risk is increased risk of material misstatement decreases inherent risk is decreased control risk is decreased QUESTION 26 The responsibility of ensuring sufficient appropriate audit evidence is gathered to arrive at an opinion is the responsibility of the auditor a joint responsibility between management and the auditor a function of internal control the responsibility of management
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