AUDITING THEORY

Part – 13
1. Auditing services may include which of the following
a. Attesting to financial statements
b. Evaluation of a division’s performance for management
c. Examination of the economy and efficiency of governmental operations
d. All of the above

2. The review of unaudited financial statements consists of;

a. Inquiry of management and analytical procedures
b. Inquiry of management and documentation of internal control
c. Analytical procedures and compliance with laws and regulations
d. Internal control evaluation and management representation

3. The reason an independent auditor gathers evidence is to

a. Detect fraud
b. Evaluate management
c. Evaluate internal controls
d. Form an opinion on the financial statements