Reference no: EM132796621

Problem 1: Within the context of quality control, the primary purpose of continuing professional development and training activities is to enable an audit firm to provide personnel with:

Select one:

A. knowledge required to perform a peer review

B. knowledge required to fulfil assigned responsibilities

C. technical training that assures proficiency as an auditor

D. professional education to ensure that audit work is performed with due professional care

Problem 2: Which of the following bodies monitors the operation of the Australian Accounting Standards Board?

Select one:

A. Australian Securities and Investments Commission.

B. Australian Securities Exchange.

C. Financial Reporting Council.

D. Auditing and Assurance Standards Board.

Problem 3: The independent auditor adds credibility to the client's financial report by:

Select one:

A. testifying under oath about client financial information

B. attaching an auditor's opinion to the client's financial report

C. stating in the auditor's communication of internal-control-related matters that the audit was made in accordance with Australian auditing standards

D. maintaining a clear-cut distinction between management's representations and the auditor's representations