How do quality control processes for the financial statement audit process incorporate consideration of legislation that affects the client?
A) they require second partner review of all working partners that relate to legislative matters
B) they provide auditors with copies of legislation that affects their client
C) they require the training of all auditors in legislation details that could affect all clients
D) they include in audit checklists questions that address relevant new legislation

Question

Quizplus · Accepted Answer

Quality control processes for financial statement audits typically include audit checklists which are designed to ensure all necessary procedures are followed. These checklists will typically include questions related to relevant legislation which auditors must take into account when performing their work. This is seen as the most practical way to ensure all auditors are aware of relevant legislation without requiring extensive training or review processes.

How Do Quality Control Processes for the Financial Statement Audit