Incorrect questions Flashcards
1
Q
who must auditors tell if an employee has committed fraud
A
directors
2
Q
can you provide accounting services to a listed entity that is an audit client
A
no
3
Q
when do you send an engagement letter
A
after you accept an appointment
4
Q
what is a business risk
A
the risk the companies objectives are not met
5
Q
when must analytical procedures used
A
they can be used anytime but must be used as risk assessment and at the final review
6
Q
definition of audit strategy
A
it sets the scope, timing and direction of an audit and guides the development of the more detailed audit plan
