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Identify Each of the Following Statements as Being Related to the Responsibilities

Question 1

Short Answer

Identify each of the following statements as being related to the responsibilities (RSP),performance (P),or reporting (RPT)principles.
______ 1.Evaluating audit firm personnel's independence with respect to a prospective client.
______ 2.Gathering sufficient,appropriate evidence.
______ 3.Exercising an appropriate level of professional skepticism.
______ 4.Issuing a qualified opinion because of a material,yet not pervasive,departure from GAAP.
______ 5.Establishing materiality levels for use in determining the amount of evidence to be gathered.
______ 6.Considering the susceptibility of the account balance to misstatement to assess the risk of material misstatement.
______ 7.Possessing the appropriate competence and capabilities to perform the audit.
______ 8.Considering whether a scope limitation precludes sufficient evidence to allow an opinion to be expressed on the entity's financial statements.
______ 9.Planning the work to provide reasonable assurance that the financial statements are free from material misstatement.
______ 10.Evaluating the potential relationships between the auditor and family who are employed by the entity.

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