QUESTION 31 The external auditor is accountable for preventing fraud in the financial statements. O True O False QUESTION 32 Evidence is required to be sufficient and appropriate in order to provide a reasonable basis for the external auditor's opinion. O True O False QUESTION 33 The objectives of the preparers of financial statements are always closely aligned with that of the users of the financial statements hence the need of external auditors to provide independent assurance. O True O False QUESTION 34 Auditor competence is essential in conducting a quality audit. O True O False QUESTION 35 The detection risk is equal to the audit risk divided by the inherent and control risks. O True O False