36. Which of the following would an auditor most likely use in determining a preliminary judgment about materiality?A.The contents of the management representation letter. B.The anticipated sample size of the planned substantive tests. C.The entity's annualized interim financial stamens. D.The results of internal control questionnaire. C
37. An auditor shall consider materiality when I.Determining the nature, timing, and extent of audit procedures II.Evaluating the effect of misstatements. .
38. It is an appraisal activity established within an entity. Its functions include, among other things, examining, evaluating, and monitoring the adequacy and effectiveness of the accounting and internal control systems.
39. Which is not a similarity between external and internal auditors?