step 2 incorrect answers Flashcards

1
Q

what do auditors need to do to charge low fees

A

disclose them to governance

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

can auditors provide business development advise

A

no, as they would be taking on a managerial role

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

can you audit two competitors

A

yes but you need to notify them both that you are doing this

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

what are the objectives of having an exit meeting with auditors

A

discuss the findings of an audit and any reccommendations

agree on any possible solutions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly