Which of these is not an ethical consideration for the auditor in deciding whether to accept an audit engagement?
A) identifying intended users of the audited financial statements.
B) evaluate circumstances that would compromise their independence.
C) assessing their competence to perform the audit.
D) determine their ability to use due care in performing the audit.

Question

Quizplus · Accepted Answer

Identifying intended users of the audited financial statements is not an ethical consideration for the auditor in deciding whether to accept an audit engagement. Ethical considerations typically involve evaluating circumstances that could compromise independence, assessing competence, and ensuring the ability to perform the audit with due care. Identifying users of the financial statements is more related to understanding the engagement's scope and purpose rather than an ethical consideration.

Which of These Is Not an Ethical Consideration for the Auditor