Which of the following statements relating to internal and external auditors is correct?

i. Internal auditors are required to be members of a professional body

ii. Internal auditors scope of work should be determined by the management

iii. External auditors are trusted by government agencies, investors, and public.

iv. Internal auditors can never be independent of the company

a. iii and iv

b. ii and iii

c. i and ii

d. i and iii

Which of the following case, an audit opinion with unqualified Report with Modified Wording will be issued?

1) Auditor doubt about the going concern assumption is valid 2) Auditor think the financial statements are materially misstated 3) Lack of consistent application of GAAP 4) The auditor is unable to obtain sufficient appropriate evidence

a. 2 and 4

b. 1 and 3

c. 3 and 4

d. 1 and 2

Question 47 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text The auditor should obtain sufficient and appropriate audit evidence that should meet with the requirements of the relevant ______

a. Auditing Standards

b. Accounting Standard

c. Financial reporting framework

d. Laws and regulations

Question 48 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text The auditor's __________ safeguard the auditor's ability to form an audit opinion without being affected by any kind of influences.

a. Confidentiality

b. Objectivity

c. Independence

d. Integrity