Multiple Choice
When selecting staff for the audit engagement,
A) only staff members who are CPAs should be assigned to the audit.
B) only managers and above need to have appropriate competence and capabilities to perform the audit.
C) continuity of staff members from year to year should not be a factor.
D) staff assigned to the audit must be knowledgeable about the client's industry.
Correct Answer:

Verified
Correct Answer:
Verified
Q37: Specialists may be employed by the client,
Q38: The burden of initiating communication with the
Q39: The two major factors affecting acceptable audit
Q40: A measure of how willing the auditor
Q41: If an auditor establishes a relatively high
Q43: Operations are approaches followed by the entity
Q44: Assessing acceptable audit risk, client business risk,
Q45: If an auditor assigns a tolerable misstatement
Q46: The risk of material misstatement is a
Q47: A public company must disclose if the