Multiple Choice
The process of client acceptance or continuance involves:
A) deciding whether the auditor is willing to audit the client.
B) wants the firm as a client.
C) can do a good job auditing the client.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q21: Control risk is:<br>A) the risk that inventory
Q22: Audit risk involves:<br>A) only the financial statements.<br>B)
Q23: All assertions apply to every account.
Q24: If an auditor concludes the financial statements
Q25: The auditor assesses the internal controls of
Q27: Evidence must be:<br>A) sufficient.<br>B) persuasive.<br>C) convincing.<br>D) Both
Q28: Generally accepted auditing standards refer to those
Q29: Which of the following assertions address account
Q30: The contract between the audit firm and
Q31: The balance sheet for a client shows