Multiple Choice
External auditors are responsible:
A) for authenticating documents.
B) for reporting immaterial frauds to a level of management at least one level above the people involved.
C) for finding all intentional misstatements concealed by collusion.
D) for reporting all frauds to outside agencies or parties.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The major emphasis in GAAS related to
Q5: What assurance does the auditor provide that
Q6: Auditors use brainstorming:<br>A)to heighten the audit team's
Q7: Horizontal analysis refers to:<br>A)the trend of income
Q10: Analytical procedures are one type of evidence
Q11: This question tests your ability to perceive
Q12: The acceptable level of detection risk is
Q13: Items 1 through 6 represent an auditor's
Q14: When determining the inherent risk related to
Q41: While performing interim audit procedures of accounts