1. When examine the annual financial statement audit, there are following activities, please arrange the activities in order(1) Examine sales transactions for unusually large amounts and compare total monthly sales with those in prior years(2) Test the effectiveness of control(3) understand the unique accounting requirements of the client's industry(4) obtain a letter of representation(5) identify client's reasons for audit(6) Issue the audit report.(A) 5-4-3-2-1-6(B) 5-3-1-2-4-6(C) 5-4-3-1-2-6(D) 5-3-2-1-4-6

5. Audit standards require the auditor to consider materiality early in the audit. Which statements regarding materiality are true ?(1) Preliminary materiality may change during the engagement.(2) Preliminary materiality is the maximum amount by which the auditor believes the financials could be misstated and still not affect the decisions of reasonable users.(3) If an auditor establishes a relatively high level for materiality, then the auditor will accumulate more evidence than if a lower level had been set.(4) The primary basis used to decide materiality for a profit-oriented entity is net assets.(5) Qualitative factors as well as quantitative factors affect materiality.(A) 1,2,4,5(B) 1,2,5(C) 2,5(D) 1,2,3,4,5

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