Question

Please help me with number 10,11,12,13,14,15,16,17
10. Indicate the most correct alternative to complete the following sentence: The omission of an amount in a report that would have changed how the reader would have reacted had the amount been included in the report, is an example of the auditing concept 1 materiality 2 assertions. 3 audit risk. 4 sufficient appropriate audit evidence. 11. Select the correct statement that exemplifies the audit term 'audit risk 1 Internal controls fail to adapt to changes in the business environment. 2 The auditor selects inappropriate audit procedures 3 The auditor forms an inappropriate audit opinion. 4 A transaction requires complex accounting calculations 12. Planning an audit is one of the stages of the audit process. Select a correct reason why it is important to plan an audit 1 to devote appropriate attention to important areas of the audit 2 3 to enable the audit firm to establish whether it wishes to continue with the client relationship to assist the auditor in evaluating the audit evidence and deciding whether sufficient audit evidence has been obtained to perform tests of controls and substantive procedures in order to reduce the assessed risk 4

Answer 1

Ans 10) 1. Materiality

Ans 11) 3. The auditor forms an inappropriate audit opinion

Ans 12) 1. To devote appropriate attention to important areas of audit

Ans 13) 4. An audit strategy is needed to drive a detailed audit plan

Ans 14) 1. Ensure more effective supervison

Ans 15) 1. With integrity

Ans 16) 3. Professionally

Ans 17) 4. With integrity, objectivity, and with due care