An Additional Partner Review of the Audit and Its Findings

question 135

Multiple Choice

An additional partner review of the audit and its findings is typically performed by an experienced member of the firm.Which of the following individuals is most qualified to perform this concurring partner review?

• A)The engagement partner who has worked on the client for three years.
• B)An employee of the enforcement division of the SEC.
• C)An experienced partner of the firm who did not actively participate on the audit.
• D)A partner of another firm or office who knows the client well and who was a vital member of the audit team.

---

Definitions:

Proprietorship

A business owned and operated by a single individual, where the owner and the business are legally considered the same entity.

Neighborhood Barber Shop

A locally-operated business that provides hair cutting and grooming services primarily for male clients in a specified area.

Owner

The individual or entity that holds the legal right or title to an object, property, or enterprise.

Partnership

A legitimate arrangement for conducting business that necessitates shared managerial responsibilities and profits among multiple partners.