In Which of the Following Situations Would a Principal Auditor

question 350

Multiple Choice

In which of the following situations would a principal auditor least likely make reference to another auditor who audited a subsidiary of the entity?

• A) The other auditor was retained by the principal auditor and the work was performed under the principal auditor's guidance and control.
• B) The principal auditor finds it impracticable to review the other auditor's work or otherwise be satisfied as to the other auditor's work.
• C) The financial statements audited by the other auditor are material to the consolidated financial statements covered by the principal auditor's opinion.
• D) The principal auditor is unable to be satisfied as to the independence and professional reputation of the other auditor.

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Definitions:

Percent Discount

A reduction from the original price of an item or service, typically expressed as a percentage of the original price.

Job Listings

Advertisements or postings that outline available job positions, typically including job requirements and how to apply.

Biweekly

Occurring every two weeks.

Dealership

A business authorized to sell a particular manufacturer's products, commonly used in the context of car sales.