QUESTION 6 With respect to the auditor's planning of a year-end examination, which of the following statements is true? A. An engagement should not be accepted after the fiscal year-end B. An inventory count must be observed at the balance sheet date C. The client's audit committee should be told the specific audit procedures that will be performed D. It is an acceptable practice to carry out substantial parts of the examination at interim dates QUESTION 7 An auditor finishes field work on Feb. 3, 2012 for a Dec. 31, 2011 audit. The opinion is issued Feb. 15, 2012. The subsequent period is: A. Jan. 1, 2012 to Feb. 15, 2012 B. Jan. 1, 2011 to Feb. 15, 2012 C. Jan. 1, 2012 to Feb. 3, 2012 D.Jan. 1, 2012 to Dec 31, 2012 QUESTION 8 In using the work of a specialist, an understanding should exist among the auditor, the client, and the specialist as to the work to be performed by the specialist. Preferably, the understanding should be documented and include all of the following except: A. The objectives and scope of the specialist's work B. Representations as to the specialist's relationship, if any, to the client C. The specialist's understanding of the auditor's use of the specialist's findings D. A statement that the methods or assumptions to be used are consistent with those used by the client QUESTION 9 The person who opens the mail commonly prepares a remittance advice when a customer fails to return one with a payment. Considering the principle of segregation of duties, mail should be opened by the: A. Credit manager B. Receptionist C. Sales manager D. Accounts receivable clerk