In a certain audit engagement, several key members of the engagement team had differences of opinion regarding a certain matter. In this case
In a certain audit engagement, several key members of the engagement team had differences of opinion regarding a certain matter. In this case
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Activities Required In Completing A Quality Audit
Section: Chapter Questions
Problem 47MCQ
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Question
In a certain audit engagement, several key members of the engagement team had differences of opinion regarding a certain matter. In this case
a. The engagement partner shall issue a disclaimer of opinion due to a scope limitation
b. An increase in the audit fee will be requested due to the extension of the time required to complete the engagements
c. Documentation will be made regarding the unsolved matter, and the auditor will withdraw from the engagement altogether
d. The report shall not be issued until the matter is resolved
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