An auditor is not responsible for obtaining absolute assurance but only reasonable assurance.   Question 9 options:   a) True   b) False

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Question 30 If the auditor plans to assess control risk at less than the maximum and rely on internal controls , and the nature, timing, and extent of further audit procedures are based on the lower assessment the auditor must:     Obtain evidence that the controls selected for testing are designed effectively and operating effectively during the period under audit.     Assess control risk less than the maximum for all relevant assertions.     Perform only substantive procedures     Provide additional  examples of responses to assessed fraud risks relating to fraudulent financial reporting.

11. Which of the following is an example of an assurance engagement providing limited assurance? A. An engagement to express an opinion whether the financial statements are prepared in all material respects, in accordance with an identified financial reporting framework В. B. An engagement, to state whether, on the basis of procedures which do not provide all the evidence that would be required in an audit, anything has come to the practitioner's attention that causes the practitioner to believe that the financial statements are not prepared in all material respects, in accordance with an identified financial reporting framework. C. An engagement to carry out those procedures of an audit nature to which the auditor and the entity and any appropriate third parties have agreed and to report on factual findings. D. An engagement to use accounting expertise as opposed to auditing expertise to collect, classify and summarize financial information. С.