At What Point During the Audit Should the Auditor Conduct

question 1

Multiple Choice

At what point during the audit should the auditor conduct an independence threat analysis?

• A)after the audit evidence assessment and collection process
• B)prior to the acceptance of the engagement
• C)after gathering sufficient knowledge of the client's business
• D)prior to signing the audit report

---

Definitions:

Technological Accidents

are unplanned and unwanted events caused by the failure or misuse of technical systems, equipment, or infrastructure, leading to harm, damage, or unintended consequences.

Steam Engine

is a heat engine that performs mechanical work using steam as its working fluid, playing a pivotal role in the Industrial Revolution by powering factories, locomotives, and ships.

Major Forces

Fundamental or powerful factors that influence or shape the course of events in society, the economy, or the natural world.

Urgent Social Need

A critical and immediate requirement within a society that necessitates prompt action for the welfare of its members.