67.With respect to the detection of illegal acts, auditing standards state that the auditor provides:harda.no assurance that they will be detected.ab.the same reasonable assurance provided for other items.c.assurance that they will be detected, if material.d.assurance that they will be detected, if highly material.68.hardIn describing the cycle approach to segmenting an audit, which of the following statements is nottrue?69.Which of the following journals would be included most often in the various audit cycles?70.Transaction cycles begin and end:hard71.hardAfter general audit objectives are understood, specific audit objectives for each account balance on the financial statements can be developed. Which of the following statements is true?aa.There should be at least one specific objective for each relevant general objective.b.There will be only one specific objective for each relevant general objective.c.There will be many specific objectives developed for each relevant general objective.d.There must be one specific objective for each general objective.72.hardAn auditor should recognize that the application of auditing procedures may produce evidence indicating the possibility of errors or fraud and therefore should:Chapter 7Multiple-Choice Questions
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