Reference no: EM132829698

Problem 1: Global auditing and attestation standards are issued by the

a. Global Public Company Accounting and Auditing Oversight Board.
b. Association of International Certified Professional Accountants.
c. International Auditing and Assurance Standards Board.
d. International Accounting Standards Board.
e. Securities and Exchange Commission.

Problem 2: Which of the following is a requirement for an audit of both an issuer's and a nonissuer's financial statements?

a. The auditor is required to assess the risk of material fraud.
b. The auditor is required to refer to a recognized control framework in performing the audit of internal control over financial reporting.
c. The auditor is required to express an opinion on the effectiveness of the company's internal control over financial reporting.
d. The auditor is required to assess the effectiveness of management's assessment of the company's internal control over financial reporting.
e. The auditor is required to prepare written planning memorandum.