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Ryan Clark was reviewing the previous year's audited financial statements of a clothing manufacturer. His manager explained that for a financial statement audit, the clothing
Ryan Clark was reviewing the previous year's audited financial statements of a clothing manufacturer. His manager explained that for a financial statement audit, the clothing company was the accountable party, its shareholders were the users, and the subject matter was the financial statements. What kind of audit engagement was his manager describing? a) consulting engagement b) assurance engagement C) review engagement 9. compliance engagementProfessional behaviour refers to the obligation that all members of the professional bodies: a. ensure that they do not harm the reputation of the accounting profession. b. not allow their personal feelings or prejudices to influence their professional judgment. c. refrain from disclosing information to people outside of their workplace that is learned as a result of their employment. d. be straightforward and honest.Objectivity refers to the obligation that all members of the professional bodies: a. be straightforward and honest. b. refrain from disclosing information to people outside of their workplace that is learned as a result of their employment. c. not allow their personal feelings or prejudices to influence their professional judgment. d. ensure that they do not harm the reputation of the accounting profession
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