The skills and qualities of the engagement team is likely to provide a positive contribution to audit quality where
A)partners and staff understand their clients' business and adhere to the principles underlying auditing and ethical standards.
B)partners and staff exhibit professional skepticism in their work and are robust in dealing with issues identified during the audit.
C)sufficient training is given to audit personnel in audit,accounting and industry specialist issues.
D)all of the above.

Question

Quizplus · Accepted Answer

The best choice is D because all of the options listed contribute to a positive contribution to audit quality. Understanding the client's business and adhering to professional and ethical standards helps ensure that the audit is conducted with the appropriate level of care and attention. Exhibiting professional skepticism and being robust in dealing with issues identified during the audit helps ensure that potential issues are appropriately addressed. Providing sufficient training to audit personnel in relevant areas helps ensure that auditors have the necessary knowledge and skills to effectively carry out the audit. Ultimately, a combination of these factors contributes to high-quality auditing services.

The Skills and Qualities of the Engagement Team Is Likely