Audit working papers are the property of the auditors, who may distort the papers, sell them, or give them to third part. Is this statement true or false? Justify with your explanation.

Can the auditor obtain more audit evidence to compensate for the lack of perceived appropriateness (quality) of the evidence which is available?

True/False 1. A confirmation is considered documentary evidence secured from outside the organization and sent directly to the auditors. 2. The auditor needs the client’s permission to send out “confirmations” 3. A customer’s response to a receivable confirmation request may contain restrictive language concerning its use. All restrictions would invalidate the reliability of the response as audit evidence.

Is a good audit documentation his/her best defense in the courtroom? Explain.

What type of situation would require an auditor to give an unmodified opinion without a standard report. Why would their opinion have to be modified?

The internal audit can pinpoint the person responsible for carelessness. This will help to: Determine Liability Asset Protection Performance Appraisal Provide Suggestions Which one of the following is not true about internal auditors? üzul lis TOSHIBA

Obtaining an understanding of the internal control structure is required for first time audit client, but not necessary for recurring clients.  TRUE OR FALSE? WHY?

Which of the following is not true concerning materiality? a. Materiality is a matter of professional judgement O b. Materiality is used as a guide to planning substantive procedures O c. Materiality is used a guide for making decisions about the audit report d. All of the Above are True Statements e. None of the Above are True Statements