Derermine whether statement 1 and statement 2 is true or false 1. S1- The main source of the auditor’s understanding about the status of cases and litigations faced by the entity is the entity’s legal counsel S2- Control activities may be applied on either manual system, computerized system of combination of both. a. False, False b. True, False c. False, True d. True, True
Derermine whether statement 1 and statement 2 is true or false
1. S1- The main source of the auditor’s understanding about the status of cases and litigations faced by the entity is the entity’s legal counsel
S2- Control activities may be applied on either manual system, computerized system of combination of both.
a. False, False
b. True, False
c. False, True
d. True, True
2. S1- Studying the relationship of financial information with another information, whether financial or non-financial, is an example of an analytical procedure.
S2-To reduce audit risk to an acceptable low level, the auditor should determine overall responses assessed risks at the assertion level
a. False, False
b. True, False
c. False, True
d. True, True
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