Settlement of Audit Objections

When it constitutes entire population

When it is enough to provide a basis for giving reasonable assurance regarding truthfulness

When it is objective and relevant

When auditor collects and evaluates it independently

Examination of property tax files

Inquiry of plant manager

Examination of debits to accumulated depreciation

All of the above

the required communication of significant deficiencies in internal control

Notification of any changes in the original arrangements of the audit

Objective and scope of auditor’s work

(B) and (A)

The assessed level of control risk

The possibility of peer review

The nature of auditor’s report

The content of management representation letter

Sales revenue

Revenue rendering service

Revenue from sale of fixed assets

Income from interest, dividend

Assets

Liabilities

Income and expense accounts where appropriate

All of the above

mathematically measure risk

eliminate the need for judgmental sampling

defines the values of tolerable error

all of the them.

Program for tests of control

Understanding of the system

Understanding of the types of irregularity that are probable given by the present system

Documentation of the study and evaluation of the system

For the period the audit firm is in existence

For period of ten years

For a period auditor to be useful in serving client

None of these

complete audit

completed audit

final audit

detailed audit