Multiple Choice
To ensure that the audit meets the public accounting firm's standard of performance:
A) a financial disclosure checklist is used for every engagement.
B) an audit engagement checklist is completed.
C) the working papers are reviewed by another member of the audit firm.
D) it is common to gather more evidence than is actually necessary.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Besides the search for contingent liabilities and
Q41: Auditors approach obtaining evidence for presentation- and
Q42: Which one of the following is NOT
Q43: If, after the accumulation of final evidence
Q44: What is the purpose of a management
Q46: Often, procedures for presentation- and disclosure-related objectives
Q47: Why are the working papers reviewed by
Q48: The issuance of debentures by the client
Q49: Completing the audit is which phase of
Q50: ASA 720 requires the auditor to read