Question
1. When an auditor relies on the work of another auditor, the auditor issuing the audit report may: A. state this fact in the audit
1. When an auditor relies on the work of another auditor, the auditor issuing the audit report may:
A. state this fact in the audit report.
B. disclaim responsibility for this audit work.
C. issue a qualified opinion with an explanatory paragraph.
D. issue a qualified opinion, except for the work of the other auditor
2. Under which circumstances should an auditor NOT issue a disclaimer of opinion?
A. When the auditor has not performed all the necessary fieldwork.
B. When an auditor has determined the client is not following GAAP.
C. When the auditor is denied access to the minutes of the Board of Directors.
D. Both b and c.
3. Who is responsible for compliance with SOX section 404:
A. management.
B. the auditors.
C. both management and the auditors.
D. It depends on the specifics.
4. If a client refuses to provide a management representation letter for an integrated audit, the auditor may:
A. withdraw from the engagement.
B. note the scope limitation and issue a qualified opinion.
C. issue a report explaining the limitation in the explanatory paragraph.
D. None of the above.
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