Multiple Choice
Which one of the following is NOT one of the three main reasons why it is essential that working papers be thoroughly reviewed by another member of the audit firm at the completion of the audit?
A) To evaluate the accuracy of the auditing firm's time budget for the engagement
B) To counteract the bias that frequently enters into the auditor's judgement
C) To make sure that the audit meets the firm's standard of performance
D) To evaluate the performance of inexperienced personnel
Correct Answer:
Verified
Correct Answer:
Verified
Q7: An agreement by a client to purchase
Q51: Your client's balance sheet date is 30/6/2012,
Q52: Completing the audit is which phase of
Q54: The process of 'final evidence accumulation' is
Q58: If the client's balance sheet date is
Q59: ASA 570 requires the auditor to evaluate
Q60: Which event that occurred after the end
Q61: What are the conditions required for the
Q70: When testing for contingent liabilities, the primary
Q83: The management representation letter is prepared on