Assignment 2 — Session 3 (Spring)
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Question 1 (5 marks)
(Multiple choice)(1 mark each)
Note: For multiple-choice questions, select the best answer. Answer each item by giving the number of your choice. Incorrect answers will be marked as zero. Multiple-choice questions must be completed in your Assignment Submission section. This portion of the assignment will be automatically graded. Do not include your answers in your Word document as they will not be graded. a. Which of the following situations would lead to an auditor increasing auditor business risk? 1. The client risk profile is assessed as low risk. 2. Audit staff members are competent and taking continuing education regularly. 3. There are continued problems collecting the audit fee from a client. 4. The audit client uses enterprise risk management to assess fraud risks.

b. Which of the following quality control practices at the individual engagement