F 17 58 ih jjubou t managements the audit engagrtenl

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~. ·~~ .... f - .! ... ' .. "17. 58. 'I'h J:'.:JU']bOU t. management's the audit engag~r:tenL, t.he auditor assessm<=r,t of th<.: r.lient' s 3.b_;_li'::.y ~~ould consicteJ to c: !ntj.nue as a gcJL':) concerr. Wh:.ch o:::: Lhe f:cllow~ng E1i'::!' cast. :·,;m:~fic3·:': doubt ao _:, u t c h<-' Pn t i. t y' s gc iug co1 u .e ru as .s urr.IJ t _i_o:t '? a. T:1e tntir_y hc•aviJ.y usc·ri shoL·c-term d'1bt f1nancing :'or i.n"•"SL:nents :;,n long·-l:..vecl ass<=cts. " · · 1- h · ' () L C' ..... ,_ e r s ·- 5 +- ' • t- --- ... ' ' · v( lGf'.Ct.2 W_--_~._. ~al-Jl~.~""":. '\~11 --.c..'"""ll-L-.__.,_.l._:: .::eqUlCClncn~-~S. b. fc,vorab.l e resolutL:.m uf ].ec;.:\1 cr J:<:'gJJ a tory procef• :' rws aga.:.nst d. t.h~ ~ntity. Repeal of eJnst.~ll'J .leqisL'lt_;_:Jn .: dver.sely• 3.ffect.s the Pnt::i t.y. or government pel icy which )\ccu•d.LnlJ to PSQCl, by obtain.cr:.g conf.lrrnation anc taking app::o:n:c. 'te acti·.:J;l on infoma.ti.on inJ:tcating ncncmnpLLaiJce, the firm dernonst.r6tes the irnportc::nce .cc:.hc.t it: attaches to i.nd.cpendence and make.:; the lSSue 'Curren~ f!0r}' ar.d visib'.e Lo, its pe;_sonnel. \!l'rit.ten coJJ fi n-:1c~ t! or: d. I•lay 'Je i r, [!aper for-mat cnl::r·. b. May be~:~ electronic fo;·mat only. c. MJy be .in raper: fur:rn or ,•lPcl:ror.ic fcrrn. c:. Is ctOL rec:uired since o i:il cor1f.i r.nal io'l "1ill suf :::ice :)er PSQc.:. . A r·c;.L,;ter<::ci profes:::.:..on"l.~ si1aJ..l DEc r.-eyuJ. rem• :I!,::. upon re3.·-hi ng t,le c.tge o::: · a. :)(' year~ b. SO veur.s c. old old nld pe:...-rnanentl y eYernpt.cd from C2E C':i years d. 7(' years ole: 60. \·:hl c .Jt the fol.1 owil,'J ·>tCJ tentr·:1ts is inco.:: -:ect? d. 1\n engaqem1:.nt qt.;.ali~y control r.evicw orcii:1a:-:i.l:' involves :iiscu::; s i.cn wl th ~he er.gagement ;.;a.::tner, a rev.J'w of tlle tinancia::. s ca tements o :- oL.her :> lWj ect rn<::t.te t: ir1 f.or.na ::.ior and the report·, a•1cl, in particulc.r, con:>ider<Oition o.f
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