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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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.

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

Do the auditors have to report on (a) the audited financial statements and (b) any other information that is required by law?

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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Chapter 3 Solutions