The quality assurance department at a large manufacturing business enters data into the AIS that is used to produce a weekly report that summarizes the proportion of defective units in each product line. This is an example of

In which of the following classes of insurance can a binder not be issued?

A. Life insurance B. Auto insurance C. Fire insurance D. Marine insurance

An auditor most likely obtains an understanding of a new client to

A. Make constructive suggestions concerning improvements to the client's internal control. B. Develop an attitude of professional skepticism concerning management's financial statement assertions. C. Evaluate whether the aggregation of known misstatements causes the financial statements taken as a whole to be materially misstated. D. Identify areas of audit emphasis.