Basic Auditing MCQs


Question #1: The use of an audit engagement letter is the best method of assuring the auditor will have which of the following?

Question #2: An auditor who accepts an audit but does not possess the industry expertise of the business entity should

Question #3: The least important element in the evaluation of an audit firm’s system of quality control would relate to

Question #4: The primary purpose of establishing quality control policies and procedures for deciding on client evaluation is to

Question #5: Which of the following is not a quality control consideration on accepting a new client?

Question #6: An auditor obtains knowledge about a new client’s business and its industry to