List the four parts to the AICPA’s Code of Professional Conduct:______ ______ ______ ______
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Which one of the following is not one of the characteristics of competent evidence? ( )
A. Independence of provider.
B. Effectiveness of internal control structure.
C. Size of the sample.
Degree of objectivity.
Evidence obtained directly by the auditor is more competent than information obtained indirectly. Which of the following is not an example of the auditor’s direct knowledge? ( )
A. Physical examination.
B. Observation.
C. Inquiry.
D. Computation.
A measure of how willing the auditor is to accept that the financial statements may be materially misstated after the audit is completed and an unqualified opinion has been issued is the ( )
A. inherent risk.
B. acceptable audit risk.
C. statistical risk.
D. financial risk.
Inherent risk is _______ related to detection risk and _______ related to the amount of audit evidence. ( )
A. directly, inversely.
B. directly, directly
C. inversely, inversely.
D. inversely, directly.