Reading the terms of the lease agreement for a lessee is an example of analysis.

Question 2 options:

1) True

2) False

For new clients, the auditor can obtain knowledge about the client's business and its industry from the permanent file.

Question 4 options:

1) True

2) False

Permanent audit files contain such documents as the engagement letter, client organization chart, and internal control system flowcharts.

Question 5 options:

1) True 2) False