1. Audit efficiency ( ) if the auditor stratifies a population by dividing it into discrete sub-populations.
2. The results of audit procedures applied within a stratum ( ) to the items that make up that stratum.
3. When performing tests of details it ( ) efficient to identify the sampling unit.
4. Public sector auditors ( ) broad rights of access established by the legislation.
5. The user auditor ( ) a service auditor to perform procedures on the user auditor's behalf.
6. It ( ) practicable for the user entity to implement effective controls over the transactions.
7. If the auditor had determined that an assessed risk of material misstatement at the assertion level is a significant risk, the auditor ( ) substantive procedures.
8. Irrespective of the assessed risks the auditor (, ) substantive procedures for each material class of transactions, account balance, and disclosure.
9. If misstatements were detected at an interim date, the auditor ( ) whether the related assessment of risk need to be modified.
10. If the auditor plans to use audit evidence from a previous audit he ( ) the continuing relevance of that evidence.
11. The extent of documentation (, ) the experience and capabilities of the members of the audit engagement team.
12. Management ( ) appropriately to significant risks of material misstatement.
13. In manual general ledger systems, non-standard journal entries ( ).
14. Management and others ( ) those things they regard as important.
2. Complete the second sentence so it has similar meaning to the first sentence.
1. Perhaps, the qualities of accounting information were in conflict with one another.
Might
The qualities of accounting information ______________ one another.
2. It is difficult to justify the costs of producing when accounting information does not provide any benefits to users.
Not
When accounting information does not provide any benefits to users it ____________ the costs of producing it.
3. The enterprise didn't take a loan so it led to negative consequences.
Should
The enterprise ________________ the long-term loan.
4. It was a mistake not to produce the information promptly at the end of the period.
Been
This information __________________ promptly at the end of the period.
5. The company made the investment decision before assessing likely returns.
