Entries by Hannah Wangui

Which of the following procedures for establishing whether to accept a client should the auditor follow?

November 20, 2020 in /by

Which of the following procedures for establishing whether to accept a client should the auditor follow? a. Reviewing available financial information about the prospective client b. Evaluating the audit firm’s independence status concerning the prospective client c. Evaluating the audit firm’s technical skills to undertake the audit d. All of the given answers are correct […]

 

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An audit firm may use which of the following methods of advertising to obtain clients?

November 20, 2020 in /by

. An audit firm may use which of the following methods of advertising to obtain clients? a. Advertising that promotes the firm as having the lowest auditor’s report modification rate. b. Direct mailing together with persistent follow-up of recipients. c. Advertising that promises a low set fee d. Brochures indicating the range of services that […]

 

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Which of the following is one of the procedures in the planning phase?

November 20, 2020 in /by

Which of the following is one of the procedures in the planning phase? a. Determine need for other professionals b. Prepare clients proposal c. Determine materiality d. Select staff to perform the audit   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Information acquired during the planning phase about business operations may include all of the following except:

November 20, 2020 in /by

Information acquired during the planning phase about business operations may include all of the following except: a. Nature of revenue sources. b. Acquisition and disposals of business divisions. c. Market. d. Employment.   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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