(A) To provide a basis for review of audit work

(B) To provide a basis for subsequent audits

(C) To ensure audit work is being carried out as per programme

(D) To provide a guide for advising another client on similar issues

(A) To detect errors or fraud.

(B) To comply with GAAP

(C) To gather sufficient appropriate evidence

(D) To assess audit risk

(A) Management’s integrity

(B) Auditor’s experience and professional judgment

(C) Auditor’s qualification

(D)a Control risk

(A) Evidence for audit conclusions

(B) Owned by the client

(C) Owned by the auditor

(D) Retained in auditor’s office until a change in auditors

(A) The auditor

(B) The client

(C) The audit assistants

(D) The auditor and his audit assistants

(A) AAS7

(B) AAS8

(C) AAS9

(D) AAS3

(A) The auditor has ascertained that the balance is materially correct when in actual fact it is not

(B) The auditor concludes the balance is materially misstated when in actual fact is not

(C) The auditor has rejected an item from sample which was not supported by documentary evidence

(D) He applies random sampling on data which is inaccurate and inconsistent

(A) Risk of over reliance

(B) Risk of incorrect rejection

(C) Risk of incorrect acceptance

(D) Both (a) and (c)

(A) The auditor concludes balance is materially correct when in actual fact it is not

(B) The auditor concludes that the balance is materially misstated when in actual fact it not

(C) The auditor has rejected an item for sample which was material

(D) None of the above

(A) Authenticated copy of relevant minutes of meetings may be regarded as management representation

(B) It should always be in working

(C) It may be dated prior to the report date

(D) It should be addressed to the auditor