A Partner of the Accounting Firm Who Has Not Been

question 39

Multiple Choice

A partner of the accounting firm who has not been involved in the audit performs an engagement quality review of documentation. This review usually focuses on

• A)the fair presentation of the financial statements in conformity with GAAP.
• B)irregularities involving the client's management and its employees.
• C)the materiality of the adjusting entries proposed by the audit staff.
• D)the communication of internal control deficiencies to the client's audit committee (or those charged with governance).

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Definitions:

Emotional Intelligence

The ability to understand and manage one's emotions, as well as the emotions of others, effectively.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, it is what causes us to act.

Attitude

A settled way of thinking or feeling about someone or something, often reflected in a person's behavior.

Mindset

A person's way of thinking and their opinions, which can affect their behavior and perspective on life.