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B need to be applied on all audit related c must not

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b.Need to be applied on all audit related.c.Must not apply to other related activities of auditors.d.Require that in no circumstances would an auditor mayjudge it necessary to depart from a PSA, even thoughsuch a departure may result to more effectiveachievement of the objective of an audit.56.In the case of an audit of financial statements, which ofthe following would not be a valid criterion in ascertainingthe degree of correspondence between assertions andestablished criteria?57.Which of the following statements about independentfinancial statement audit is correct?c.The auditor's opinion is not an assurance as tothe future viability of the entity as well as theeffectivenessandefficiencywithwhichmanagement has conducted the affairs of the entity.d.The procedures required to conduct an audit inaccordance with PSAs should be determined by theclient who engaged the services of the auditor.58.The reason an independent auditor gathers evidence is to59.The auditor communicates the results of his or her workthrough the medium of theb.Audit report.c.Management letter.d.Audited financial statements.60.The expertise that distinguishes auditors from accountants isin thea.Ability to interpret PAS/PFRS.b.Accumulation and interpretation of evidence.c.Ability to interpret generally accepted accountingprinciples.d.Requirementtopossesseducationbeyondbachelor's degree.the

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