Question 1: Why might an auditor use sampling?
A. Because testing and entire accounting system is impractical and unnecessary.
B. Because the client has not paid for full testing of the financial statements.
C. The auditor deems that there is no fraud in a certain area of the business.
D. The auditor deems that there is fraud in a certain area of a business.
Question 2: Which of the following does Section 201 of Title II allow an auditing firm to perform for their client?
A. Bookkeeping or other services related to the accounting records or financial statements of the audit client.
B. Broker or dealer, investment adviser, or investment banking services.
C. Services (such as those relating to tax returns) not listed above to be provided contemporaneously with audits.
D. Actuarial services.