Unformatted text preview: nding a client’s system of internal control is not a required part
of the audit process. LO 8 mes25435_ch01_001-032.indd
mes25435_ch01_001-032.indd 28 1-18 1-20 Preliminary engagement activities include
a. Understanding the client and the client’s industry.
b. Determining audit engagement team requirements.
c. Ensuring the independence of the audit team and audit ﬁrm.
d. All of the above. 26/05/11 9:24 PM Conﬁrming Pages Chapter 1 An Introduction to Assurance and Financial Statement Auditing 29 LO 9 1-21 Which of the following statements best describes what is meant by an
unqualiﬁed audit opinion?
a. Issuance of an unqualiﬁed auditor’s report indicates that in the auditor’s opinion the client’s ﬁnancial statements are not fairly enough presented in accordance with agreed-upon criteria to qualify for a clean
b. Issuance of an unqualiﬁed auditor’s report indicates that the auditor is
not qualiﬁed to express an opinion that the client’s ﬁnancial statement...
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This note was uploaded on 12/08/2012 for the course ACCT 564 at Washington University in St. Louis.