An auditor can avoid litigation by

Question

Quizplus · Accepted Answer

All of the above options are correct. Preparing engagement letters helps in defining the terms of the audit engagement, which specifies the responsibilities of both the auditors and the clients. Compliance with ethical principles ensures that the auditors follow a code of conduct that promotes integrity and objectivity in their work, thus avoiding any litigation issues. Ensuring that all audit staff have the required skills and competence to conduct the audit helps to ensure that the audit is conducted efficiently and effectively, minimizing any errors or omissions that could lead to litigation. Therefore, all these measures are necessary to avoid litigation.

An Auditor Can Avoid Litigation by