11.9 Which of the following statements about external auditors is not correct?
A External auditors are appointed by the shareholders of a company
B The primary responsibility of external auditors is to investigate financial irregularities and report them to shareholders
C External auditors may rely on the work of internal auditors, if they first assess its worth
D External auditors are concerned with the financial records and statements of the organisation
11.10 In the context of audit, what are 'substantive tests' designed to accomplish?
A To establish whether internal controls are being applied as prescribed
B To identify errors and omissions in financial records
C To establish the causes of errors or omissions in financial records
D To establish an audit trail