QUESTION 36 In order to perform a quality audit, the external auditor has to obtain sufficient appropriate evidence, via a structured process, on which to base the auditor's opinion. O True O False QUESTION 37 Reliability is concerned with how convincing an audit evidence is. O True O False QUESTION 38 ABC Electric (ABC) entered into an agreement with AB Audit Firm (AB) for AB to perform external audit services. Both the management of ABC and AB are required to report on the state of ABC's intemal controls. O True O False QUESTION 39 Fraud detection procedures are usually not an integral part of the overall audit process. O True O False QUESTION 40 The auditor can be liable for gross negligence and fraud under the common law but not liable for ordinary negligence under the same law. True O False