In situations in which the CPA or the CPA's assistants are not qualified to perform the audit work, which of the following is not an option the CPA or the CPA firm has?
A) The CPA and the CPA's assistants have a professional obligation to acquire the required knowledge and skills.
B) The CPA and the CPA's assistants should simply rely more upon the client's representations when performing the audit.
C) The CPA should suggest someone else or another CPA firm which is qualified to perform the work.
D) The CPA should decline the audit engagement.

Question

Quizplus · Accepted Answer

Relying more on the client's representations when the CPA or the CPA's assistants are not qualified to perform the audit work is not an option because it violates professional standards and can result in a lack of assurance on the financial statements. The best options are A, C, and D, which involve acquiring the required knowledge and skills, suggesting someone else or another CPA firm, or declining the audit engagement, respectively.

In Situations in Which the CPA or the CPA's Assistants