Which of the following is not a reason for a public company to receive an audit? Potential bias by management in providing information Improve operation efficiency Complexity of the accounting processing systems. Remoteness between a user and the organization QUESTION 38 Which of the following activities is not part of the activities within the audit opinion formulation process? The auditor develops a common understanding of the audit engagement with the client. The auditor determines the appropriate nonaudit consulting services to provide to the client The auditor identifies and assesses risks of material misstatements and then responds to those identified risks. The auditor determines the appropriate audit opinion(s) to issue. QUESTION 39 Which of the following should be included in audit documentation? Procedures performed Audit Evidence examined Conclusions reached with respect to relevant financial statement assertions All of the above should be included