1. Which of the following procedures does not involve tracing?

a.Inspecting documents created when transactions were executed and determining whether that information was properly recorded in the accounting records.

b.Selecting entries in the accounting records and then inspecting the documentation that served as the basis for the entries.

c.Checking the original flow of the data through the accounting system.

d.Ensuring that data from source documents are included in the accounts.

Where an event occurring after the end of the reporting period provides new information that does not relate to conditions existing at year end and, if its non-disclosure has the potential to adversely affect decisions made by users of the financial statements:

a.it is required to be disclosed in the notes to the accounts.

b.it is an adjusting event.

c.it is a non-adjusting event.

d.a. and c..

4.Which of the following is not a modified audit opinion?

a.A disclaimer of opinion.

b.An adverse opinion.

c.An unqualified opinion.

d.A qualified opinion.