Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For auditors of non-issuers AU-C 220 provides guidance on appropriate procedures for the quality reviewer to carry out on the audit firm being reviewed. From

For auditors of non-issuers AU-C 220 provides guidance on appropriate procedures for the quality reviewer to carry out on the audit firm being reviewed. From 1-10 and N/A select the exact order in which they appear that identify required review procedures. Select "N/A" if not applicable.

A.Evaluating the audit partner rotation policy
B. Reading the financial statements, management's report on internal control, and auditor's report
C. Evaluating judgments about materiality and the disposition of corrected and uncorrected identified misstatements
D. Reviewing the engagement team's evaluation of the firm's independence in relation to the engagement
E. Discussing significant matters related to the financial statements and internal controls, including the audit team's identification of material control deficiencies and audit of significant risks
F. Determining the percentage of audit opinions the firm has issued that are qualified, adverse or disclaimed
G. Confirming with the lead audit partner that there are no significant unresolved matters
H. Evaluating whether the auditor documentation supports the conclusions reached by the engagement team with respect to the matters reviewed
I. Assessing whether appropriate matters have been communicated to audit committee members, management, and other appropriate parties
J. Determining if appropriate consultations have taken place on difficult or contentious matters
K. Evaluating whether appropriate levels of supervision and reviews of individual audit tasks were completed adequately during the audit
L. Reviewing the firm's policy with respect to the use of generalized audit software
M. Reviewing the related audit documentation to determine its sufficiency

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Assurance And Consulting Services

Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson

2nd Edition

0894136437, 978-0894136436

More Books

Students also viewed these Accounting questions

Question

Describe the ethical issues involved in conducting HRD evaluation

Answered: 1 week ago