In the Audit of a Private Company, _______

Multiple Choice

In the audit of a private company, _______.

A) an auditor's tests of controls are unrelated to the planned audit strategy
B) an auditor's tests of controls are largely dictated by the planned audit strategy
C) the auditor is not subject to reporting and notification requirements
D) the auditors should preemptively determine the entities ability to pay for the audit and request a certain percentage in advance