Audit: set 3
10 questions. Click an option: a correct answer turns green, a wrong one red, and an explanation appears.
Which of the following is NOT one of the five fundamental principles of the IESBA Code of Ethics?
Under the IESBA Code of Ethics, which fundamental principle includes the auditor's duty to take steps so that staff working under their authority have appropriate training and supervision?
Under the IESBA Code of Ethics, an auditor must not knowingly be associated with a report or other information that they believe is false or misleading. Which fundamental principle does this requirement belong to?
Ohangaron Metall prepared a complete set of financial statements under the accounting rules set by the bank in a loan agreement, i.e., under a special purpose framework. Which ISA sets out the special considerations for auditing such statements?
During tests of details, the auditor found misstatements in the documents selected for the sample. Under ISA 530, what does the auditor do with these misstatements?
The auditor divided the receivables of Zarafshon Savdo into groups by amount: over 100 mln soums, 10–100 mln soums and up to 10 mln soums, and then drew a separate sample from each group. What is this process called in ISA 530?
Under ISA 620, who is an "auditor's expert"?
Under ISA 315 as revised in 2019, how many components make up an entity's system of internal control?
In the audit of Ko'kcha Tekstil, the auditor assessed the risk of material misstatement as high. Following the logic of ISA 200, what must the auditor do to keep audit risk at the same level?
The auditor performed procedures to reduce risk to an acceptably low level, but there is a chance these procedures will not detect an existing material misstatement. What is this risk called in ISA 200?