Initial audit planning involves four matters. Which of the following isnotone of these? Smith, CPA has requested permission to communicate with the predecessor auditor inorder to review certain workpapers for high risk accounts for a new audit client. The new audit client's refusal to allow this communication to occur would impact Rodgers decision concerning: A successor auditor may perform which of the following for a new audit client? When dealing with audit risk://if the auditor concludes that acceptable audit risk is low, but the client is still acceptable, the auditor may still accept the engagement but increase the audit fee.A written understanding detailing what the auditors will do in determining if the financial statements are fair representations of the company's financial statements and what the auditor expects from the client in performing an audit will normally be expressed in the: If an auditor is requested to perform non audit services for a public company audit client, who is responsible for agreeing to those services with the audit firm? Which of the following statements is true regarding communications between predecessor and successor auditors? The predecessor's response can be limited to stating that no information will be provided.The purpose of an engagement letter is to: Written communication that the auditor will provide reasonable assurance for the detection of fraud is found in:
// engagement letter.Which of the following normally signs the engagement letter for an audit of a private company? The two major factors affecting acceptable audit risk are: An engagement letter sent to a publicly held audit client usually wouldnotinclude a The purpose of the requirement in having communication between the predecessor and successor auditors is to: The predecessor auditor is required to respond to the request of the successor auditor for information, but the response can be limited to stating that no informationwill be provided when:
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- Fall '17
- Auditor's report