Reference no: EM132796614

Problem 1: Ethics require:

Select one:

A. skill in applying moral principles

B. All of the given answers are correct

C. knowledge of moral principles

D. the development of virtues within the individual

Problem 2: Significant unexpected differences identified by analytical procedures will usually necessitate:

Select one:

A. an explanation in the representation letter

B. addition of an 'emphasis of matter' paragraph to the auditor's report

C. investigation by the auditor

D. a review of internal control

Problem 3: Australian auditing standards (ASAs) issued by the Australian Auditing and Assurance Standards Board (AUASB) contain:

Select one:

A. specific audit procedures to meet the requirements of the standard

B. the penalties for non-compliance with the standard

C. references to the enforcement provisions of the Corporations Act 2001

D. the effective date of the standard