Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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Answer 1

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Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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Which one of the following is NOT a duty of the auditor? Duty to report on any violation of law Duty to report to the members Duty to report to the company’s bankers Duty to sign the audit report

Which of the following statements are not true about auditors responsibilities? a) The financial statements are auditors responsibility b) The auditor's responsibility for the audited financial statements is confined to the expression of his or her opinion on them c) To identify and assess the risks of material mis-statement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain sufficient appropriate audit evidence to provide a basis for the auditor’s opinion d) To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances and for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Only a) and c) All a) , b) , c) and d) Only a) and d) Only a)

If a principal auditor decides to refer in his or her report to the audit of anotherauditor, he or she is required to disclose the(1) name of the other auditor.(2) nature of the inquiry into the other auditor’s professional standing and extent ofthe review of the other auditor’s work.(3) portion of the financial statements audited by the other auditor.(4) reasons for being unwilling to assume responsibility for the other auditor’s work.

Answer 2

Question

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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Answer 3

Question

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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Answer 4

Question

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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Answer 5

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

Answer 6

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

Answer 7

Chapter 3, Problem 20.3MCQ

To determine

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 3 - Prob. 1RQ Ch. 3 - Prob. 2RQ Ch. 3 - Prob. 3RQ Ch. 3 - Prob. 4RQ Ch. 3 - Prob. 5RQ Ch. 3 - Prob. 6RQ Ch. 3 - Prob. 7RQ Ch. 3 - Prob. 8RQ Ch. 3 - Prob. 9RQ Ch. 3 - Prob. 10RQ

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

Solution Summary: The author identifies the option that the principal auditor must disclose if he or she decides to refer in his or her report to the audit of another auditor.

Identify the option that the principal auditor must disclose, If he or decides to refer in his or her report to the audit of another auditor.

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