Multiple Choice
With respect to the auditor's planning of a year-end examination, which one of the following statements is ALWAYS true?
A) An engagement should not be accepted after the financial year ends.
B) An inventory count must be observed at the balance sheet date.
C) The client's audit committee should not be told of the specific audit procedures that will be performed.
D) It is an acceptable practice to carry out substantial parts of the examination at interim dates.
Correct Answer:
Verified
Correct Answer:
Verified
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