It is simply an indication of the divided

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Unformatted text preview: or's work. Choice "c" is incorrect. Reference in the report of the principal auditor to the fact that part of the audit was performed by another auditor is not a qualification of the opinion. It is simply an indication of the divided responsibility between the auditors who conducted the audits of various components of the overall financial statements. Choice "d" is incorrect. The paragraph presented is the proper form of disclosure when another auditor performs a substantial portion of the audit. 3 © 2009 DeVry/Becker Educational Development Corp. All rights reserved. Maxixishere Pdf Collection Auditing and Attestation 1 Class Questions 6. CPA-02544 A principal auditor decides not to refer to the audit of another CPA who audited a subsidiary of the principal auditor's client. After making inquiries about the other CPA's professional reputation and independence, the principal auditor most likely would: a. Add an explanatory paragraph to the auditor's report indicating that the subsidiary...
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This note was uploaded on 06/14/2013 for the course ACCOUNTING audit cpa taught by Professor Becker during the Fall '12 term at Keller Graduate School of Management.

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