The Primary Auditor Who Relies on a Secondary Auditor

question 63

Multiple Choice

The primary auditor who relies on a secondary auditor

• A)is responsible for any deficiencies in the secondary auditor's work.
• B)will mention the name of the secondary auditor if he or she decides that an unmodified opinion is appropriate.
• C)will never mention the name of the secondary auditor in his or her report even if the report is qualified.
• D)has no responsibility for checking the work of the secondary auditor.

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Definitions:

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It is the amount of money or assets that an investor puts into a company in exchange for part ownership or a stake in the company.

Manages Business

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A partnership agreement is a legal document that outlines the rights, responsibilities, and obligations of each partner in a business partnership.