1. Which should NOT be considered at the planning stage?

A) The timing of the audit
B) Analytical review
C) Last yearâ??s written representation letter
D) Obtaining written representations



2. At the planning stage you would NOT consider:

A) the timing of the audit
B) whether corrections from the inventory count have been implemented
C) last yearâ??s audit
D) the potential use of internal audit



3. In case of unclaimed wages, the auditor should examine whether

A) The amount has been deposited in a separate bank account
B) The amount has been deposited with cashier
C) The amount has held in a safe deposit box
D) All of these



4. Cut-off testing is performed during audit of sales to address the following income statement assertion

A) Occurrence
B) Measurement
C) Completeness
D) All of the above



5. Observing inventory being counted and personally performing test counts to verify counts is performed during audit of inventory balances to address the following balance sheet assertion

A) Rights and obligations
B) Valuation
C) Completeness
D) Existence