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Ketchum Audit Partners are reviewing their audit firm quality management procedures to ensure that are complying with the latest regulatory requirements. Of the following recommendations
Ketchum Audit Partners are reviewing their audit firm quality management procedures to ensure that are complying with the latest regulatory requirements. Of the following recommendations - which of the options WOULD NOT improve audit quality Group of answer choices New graduates working on audit clients are required to have studied an accounting program accredited by CAANZ and CPA Australia The audit documentation software is updated to include the ability for the audit partner to see which audit documentation has not been reviewed by a more experienced team member Policies and procedures now require audit teams to meet at least twice a week to discuss the progress of the audit and these meetings are recorded and placed in the audit documentation electronic file The software used to host the audit documentation will be reviewed every 5 years to ensure that it meets the requirements of the ASAs
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