Which of the following is correct? Explain why you regard the others as incorrect. 1.1 The audit report should be signed by: a. The senior partner of the auditing firm b. The designated auditor c. The designated auditor and the senior partner of the firm d. The designated auditor and the chairman of the audit committee (3) 1.2 The report provided by the auditor on a set of annual financial statements provides the user with: a. Limited assurance b. Moderate assurance c. Reasonable assurance d. Unrestricted assurance 1.3 Which of the following will not result in a modification of the audit opinion: a. The auditor is unable to obtain sufficient evidence b. The client made inadequate and incomplete disclosures in the notes. c. A situation has arisen requiring an emphasis of matter. d. The client selected an appropriate accounting policy but applied it incorrectly