MCQ AUD 3.1

Question 1

A successor would review predecessor document

Answer 1

Relating to internal control and contingencies

Question 2

Management representation letter

Answer 2

is not obtained until the end of audit

Question 3

the successor will ask the processor questions

Answer 3

fact that might bear on the integrity of management

Question 4

things that are disclosed in an engagement letter

Answer 4

discussion of any specialists who will be engaged during the audit
objectives of engagement
management responsibilities
auditors responsibilities
fee arrangements
the arrangement to contact predecessor auditor
the fact that audit risk exists and the auditor provide only reasonable assurance

Question 5

what are the factors to be considard before

Answer 5

accepting anudit engagement
disagreements between management and predecessor auditor
the predecessors auditors understanding of the reasons for change in auditors
information regarding integrity of mangement