Telegram group: T.me/BBCNOUN Email: bbcnoun@gmail.com Whatsapp: 08131667008 [ACC210] The opinion which is expressed by the auditor when the auditor concludes that the financial statements are prepared, in all material respect , in accordance with the applicable financial reporting standards unqualified opinion [ACC210] An intentional act by one or more individuals among management, those charged with governance etc to obtain an unjust or illegal advantage is referred as------------ fraud [ACC210] The most comprehensive type of audit is the------------ system audit, which examines suitability and effectiveness of the system as awhole quality [ACC210] Which of the following is not one of the three main reasons why the auditor should properly plan engagements To avoid misunderstandings with the client [ACC210] when an auditor gives an assurance that nothing has come to his attention which indicates that the financial statements have not been prepared according to the framework is called negative assurance [ACC210] Evidence obtained directly by the auditor is more competent than information obtained indirectly. Which of the following is not an example of the auditor’s direct knowledge Computation [ACC210] Which of the following best describes the Auditor’s responsibility for detecting fraud within the client: The auditor is responsible nfor detecting material error caused by fraud and reporting immaterial fraud to management if found. [ACC210] nWhat EXACTLY should be reported to the board under ISA265? Significant deficiencies in Internal Controls [ACC210] Which of the following best describes the responsibility of the board of directors in a company for dealing with the risk of fraud in the organisation? To design and implement controls to reduce the risk of fraud. [ACC210] Which of the following matters should be communicated by the auditor to ‘those charged with governance’?nni) Effect of accountingpolicies.nii) Potential risks discovered during risk assessment.niii) Any material adjustments to bemade.niv) Any disagreements between the auditor andmanagementn All of the options