A Partner of the Accounting Firm Who Has Not Been

question 55

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).

---

Definitions:

Providing Control

The act of offering or managing the ability to direct or influence others or the outcome of events.

Communication Purpose

The reason or intent behind conveying a message or information to someone else.

Providing Insight

Offering deeper understanding or analysis that sheds light on a subject.

Leadership Process

A series of actions or steps taken to guide and direct a group towards achieving a common goal.