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ACC407
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1. If the auditor believes that financial statements should not be relied upon, the material ______________

	      Not material

	--->> Pervasive

	      Limited in scope

	      None of the above

2. Findings from a _________ audit could be used in the court of law as expert opinion on financial matters

	      Compliance

	--->> Forensic

	      Internal

	      Regulatory

3. When the effect of a disagreement is very material pervasive to the financial statement, the cooperative auditor expresses ___________

	      Qualified opinion

	      Disclaimer opinion

	--->> An adverse opinion

	      No opinion

4. The following are elements  of the fraud in angle except_______

	      Opportunity

	--->> Capability

	      Pressure

	      Nationalisation

5. The following are classifications of the modified audit report except __________

	      Adverse Audit Report

	--->> Unqualified Audit Report

	      Qualified Audit Report

	      Disclaimer Audit Report

6. The International Auditing Guideles No ________outline the essential features of an audit repair

	      IAG25

	      IAG42

	--->> IAG13

	      IAG26

7. The attribute of ________ of the cooperative auditor requires him to examine financial statements critically

	      Objectivity

	      Integrity

	--->> Professional scepticism

	      Confidentiality

8. Section _______ of the Cooperative society Ait, 2004 made provision for the audit of cooperative socitie in Nigeria

	      50

	      60

	--->> 36

	      45

9. The situation in which the auditor has not been able to obtain sufficient appropriate evidence is called ______

	      Limitation in agreement

	      Inadequate scope

	--->> Limitation in scope

	      Disagreement

10. __________ require that the co-operative auditor make judgement based on facts and figure and not allowed  bias, conflict of interest to cloud his judgement

	--->> Objectivity

	      confidentiality

	      Integrity

	      Professional