If the auditor believes that management should extend its assessment but the latter refuses to do so, the auditor should:Select one:a.Rectify the lack of analysis by management.b.Consider a modification of the report as a result of the limitation in the scope of the auditor's work.c.Emphasize this matter in the audit report.d.Extend his audit procedures to obtain sufficiently appropriate evidence regarding the use of the going concern assumption.

After issuing a report, an auditor has no longer obligation to make continuing inquiries or perform other procedures concerning the audited financial statements, unlessSelect one:a.Information, which existed at the report date and may affect the report, comes to the auditor's attention.b.Information about an event that occurred after the end of fieldwork comes to the auditor's attention.c.Management of the entity requests the auditor to reissue the auditor's report.d.Final determinations or resolutions are made of contingencies that had been disclosed in the financial statements.

An auditor may not express a qualified opinion whenSelect one:a.An accounting principles at variance with generally accepted accounting principles is used.b.The auditor lacks independence with respect to the audited entity.c.The auditor's report refers to the work of a specialist.d.A scope limitation prevents the auditor from completing an important audit procedure.

An auditor decides to express a qualified opinion on an entity's financial statements because a major inadequacy in its computerized accounting records prevents the auditor from applying necessary procedures. The opinion paragraph of the auditor's report should state that the qualification pertains toSelect one:a.A client-imposed scope limitation.b.The possible effects on the financial statements.c.Inadequate disclosure of necessary information.d.A departure from generally accepted auditing standards.

Which of the following is correct statement?Select one:a.The auditor should use professional judgment to assess audit risk and to design audit procedures to ensure it is eliminated.b.The auditor is an insurer, and his or her report constitutes a guarantee.c.The subsequent discovery that a material misstatement exists in the financial statements is evidence of inadequate planning, performance, or judgment on the part of the auditor.d.The auditor should obtain an understanding of the accounting and internal control systems sufficient to plan the audit and develop an effective audit approach.

One way of exercising judgment in the conduct of the work of an auditor is through deciding the extent of audit procedures and in assessing the reasonableness of the judgment and estimates made by the management in preparing the financial statements.Select one:TrueFalse