When an Auditor Is Approached to Perform an Audit for the First

question 2

Multiple Choice

When an auditor is approached to perform an audit for the first time, the auditor should make enquiries of the previous auditor.This is a necessary procedure because the predecessor may be able to provide the successor with information that will assist the successor in determining:

• A)whether the predecessor's work should be utilised.
• B)whether the company follows the policy of rotating its auditors.
• C)whether the predecessor's assessment of control risk has been high.
• D)whether the engagement should be accepted.

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Definitions:

Corporate Communications

Strategic management of information and communication processes within a company, including internal and external communications.

Secure

Refers to measures or conditions that ensure protection from harm, attack, or unauthorized access.

Broadcast Method

The technique or medium used to distribute content to a wide audience through television, radio, or the internet.

Internally

Pertains to actions or processes occurring within an organization, group, or system, as opposed to externally or outside it.