Exam 14: Activities Required in Completing a Quality Audit

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If an experienced reviewer who was not a part of the audit team,but who has appropriate competence,independence,integrity,and objectivity,performs an independent quality review,this is referred to as a reoccurring partner review.

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Analytical procedures help auditors assess the overall presentation of the financial statements.

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Which of the following is not a purpose of the management representation letter?

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Analytical procedures conducted during the final review phase of the audit should corroborate conclusions formed during the audit,which enables the auditor to draw conclusions upon which to base the audit opinion.

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