A. There are no material misstatements due to fraud or error in financial statement

B. Accounting system is well documented

C. Written evidence is there to support transactions

D. if internal control is effective

A. Document the conclusions

B. Documents the reasons along with conclusions

C. Perform tests of control

D. Perform walk through tests

A. Accounting controls

B. Control environment

C. Control procedures

D. Supervision

A. Reperformance and observation

B. Inquiry and analytical procedures

C. Comparison and conformation

D. Inspection and verification

A. Overall financial statements level

B. Fraud risk factor level

C. Financial statement assertion level

D. Control environment level

A. Affects the audit risk

B. Affects the level of detection risk that auditor may accept

C. Helps him to fix materiality level for each financial assertion

D. Is directly related to inherent risk

A. Understanding of the system

B. Understanding of fraud risk factors

C. Documentation of assessment of control risk

D. Both (a) and (c)

A. Audit programme

B. Flow charts

C. Working papers

D. Any of the above

A. President Finance

B. President System

C. Managing Director

D. CEO

A. Cost accounting system

B. Internal control system

C. Legal compliance

D. Accounting system