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True or False questions Tests of controls substantiate the dollar amount of an account. CPAs should investigate prospective clients before accepting am engagement. PCAOB standards
True or False questions
- Tests of controls substantiate the dollar amount of an account.
- CPAs should investigate prospective clients before accepting am engagement.
- PCAOB standards require the successor auditor to attempt to communicate with the predecessor auditor after accepting the engagement.
- Companies report changes in independent auditors and reasons therefore in a Form 8K.
- If during an audit, the auditor uncovers a Fraud Risk Factor, that means that there is absolutely fraud in this audit.
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