what is the answer of Q 1?

Indicate which is usually included in an engagement letter: A. The financial statements are the The estimated audit fees and timing Yes responsibility of the company's h management Yes ioancial statements are the The estimated audit fees and timin ponsibility of the company's management No The financial statements are the The estimated audit fees responsibility of the company's management Yes No The financial statements are the responsibility of the company's management The estimated audit fees and timin Yes D. for Hogwarts Corporation, an auditor decides to nce gathered and ev from that originally planned. To achieve an overall audit increase the assessed level of control risk from that originally planned. To ac risk level that is substantially the same as the planned audit risk level,t ov aud A. Decrease substantive testing B. Decrease planned detection risk C. Increase materiality levels Increase inherent risk Which of the following statements regarding analytical procedures is FALSE A. They are used to finalize the control risk assessment "" B. They may provide substantive evidence C- They may involve comparisons of recorded amounts to expectations developed by t D. They are required during the planning and completion phases of the audit Control risk and inherent risk differ from detection risk because they: A. Exist independently of the financial statement audit B. Can be controlled by the auditor C. Are only assessed in gualitative terms Have an inverse relationship with audit evidence hich of the following statements about mate materiality is FALSE:? as well as quantitative factors affect materia ha n ana n the , objective guidance on how auditors are and rade de talleiminating the need for subjective auditor ancial statements Materiality relates to both errors and fraud tetaileve ements Statements on Auditing Standards provide D. o establish a preliminary judgment hry materiality level, thus eliminatine se Buidants