The reliance on client internal audit personnel on the audit is:
A) strictly prohibited by professional standards.
B) acceptable whenever a client has employed them.
C) acceptable if the auditor reviews and tests their work.
D) acceptable if the auditor re-performs all their work.
Correct Answer:
Verified
Q2: In the investigation of a potential new
Q3: Which of these would not be part
Q4: In accepting an engagement, an auditor takes
Q5: The auditor should regularly evaluate clients in
Q6: The initial phase of a financial statement
Q7: Which of these is not an example
Q8: Setting materiality levels, assessing audit risk and
Q9: When assessing the industry conditions of a
Q10: In assessing independence, an audit firm may
Q11: Which of the following is not normally
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents