Which of the following is the responsibility of an auditor Preparation and presentation of financial statements in accordance with applicabl... Design and implementation of internal controls Express an opinion on the financial statements. Mr. Jan before None of these appoint on 43 Which of the following statements is correct with respect to separation of duties? red out of on Employees who authorize transactions should have recording responsibility for th... Employees should not have temporary and permanent custody of assets on 44 It is permissible to allow an employee to open cash receipts and record those rece... ed I out of Employees who authorize transactions should not have custody of related assets uestion 44 ot yet nswered Mr. Ibrahim is the auditor of Elegant Constructions Company for the year 2019. While checking the financial statements of the company he finds the depreciation larked out of charged for building was mentioned in the income statement as OMR 2500 and 00 Flag he is doubtful about the calculations for the depreciation. To make himself sure about this, he checks the arithmetical accuracy of the depreciation calculations. Jestion The procedure applied by the auditor to collect the audit evidence is known as: Observation uestion 45 External confirmation oyees to steal assets or misstate records is frequently ot yet nswered larked out of Recalculation 00 Flag uestion Inquiry Question 45 An act of two or more employees to steal assets or misstate records is frequently Not yet answered referred to as: Marked out of 7.00 P Flag question a control deficiency a significant deficiency. Question 46 Identify a cont a material weakness. elow which can ensure integrity and Not yet answered ethical behavic collusion. Marked out of 1.00