1. The risk that the audit procedures will not discover material misstatements is referred to as:

   	A.	Audit Risk
   	B.	Control Risk
   	C.	Inherent Risk
   	D.	Detection Risk

2. An analytical procedure example is the comparison of:

   	A.	Recorded amounts of major disbursements with appropriate invoices.
   	B.	Total sales of the current year to previous years.
   	C.	Electronically generated data with similar data generated by a manual accounting system.
   	D.	Results of a statistical sample with the expected characteristics of the actual population.

3. When using management's written representations as audit evidence about the completeness assertion, an auditor should consider that such representations:

   	A.	Replace the assessed level of control risk as evidence to support the assertions.
   	B.	Constitute sufficient evidence to support the assertion when considered in combination with a moderate assessed level of control risk.
   	C.	Complement, but do not replace, substantive procedures designed to support the assertion.
   	D.	Are generally sufficient audit evidence to support the assertion regardless of the assessed level of control risk.