10.  Fraud risk factors (e.g., red flags) are facts, circumstances or other information that suggest the risk of a material unintentional financial statement error may be elevated.

6.  Remediation of Control Deficiencies is one of the five components of internal control over financial reporting included in the COSO Internal Control – Integrated Framework.

42.  In an integrated audit, a direct (i.e., not inverse) relationship exists between the degree of risk that a material weakness could exist in a particular area of internal control over financial reporting and the:

26.  Which of the following items is not a provision of the Private Securities Litigation Reform Act (PSLRA) of 1995?

17.  When the auditor concludes the design of a control related to an assertion is not effective, he or she normally would increase the extent of tests of the operating effectiveness of that control.

43.  Auditing standards require the auditor’s application of analytical procedures during which of the following audit phases. i.  Audit Completion Phase ii.  Control Evaluation Phase iii.  Audit Planning Phase iv.  Substantive Testing Phase

40.  According to ISA 540, Auditing Accounting Estimates, Including Fair Value Accounting Estimates and Related Disclosures, which of the following procedures is/are example(s) of procedures the auditor may apply to assess the reasonableness of management’s fair value estimate of a retained interest in sold receivables.

42.  In an integrated audit, a direct (i.e., not inverse) relationship exists between the degree of risk that a material weakness could exist in a particular area of internal control over financial reporting and the:

6.  Remediation of Control Deficiencies is one of the five components of internal control over financial reporting included in the COSO Internal Control – Integrated Framework.

43.  Auditing standards require the auditor’s application of analytical procedures during which of the following audit phases. i.  Audit Completion Phase ii.  Control Evaluation Phase iii.  Audit Planning Phase iv.  Substantive Testing Phase