Evaluate and conclude

What factors influence the determination of 'what constitutes sufficient and appropriate audit evidence'.

• Source and reliability of the available information
• Persuasiveness of the audit evidence
• Understanding of the entity and its environment
• All of the above

What type of misstatement occurs when auditors find errors in an audit sample and extrapolate them to the entire population.

• Factual misstatements
• Projected misstatements
• Judgemental misstatements
• None of the above

What document should be obtained 'if in an auditor’s opinion, the effect of uncorrected misstatements is immaterial (individually or in aggregate) to the financial statements'.

• Management representation
• Management letter
• Written representation
• None of the above

Overvaluation of machinery & equipment in a company’s financial statements is an example of ___________.

• Material weakness
• Fraud
• Misstatement
• None of the above

When an auditor disagrees with projections or predictions on client documents, what type of misstatement does this represent?

• Factual misstatements
• Projected misstatements
• Judgemental misstatements
• None of the above

Material misstatements can arise from _______________

• Management letter
• Internal and External factors
• Fraud or Error
• (2) and (3)

An __________________ is a misstatement that has been accumulated during the audit and that has not been __________.

• Uncorrected misstatement,Corrected
• Corrected,Uncorrected misstatement
• Uncorrected misstatement,Checked
• None of the above

How are misstatement to be assessed or considered with other misstatement

• Individually
• Combination
• Both individually and in combination
• None of the above