With Respect to the Auditor's Planning of a Year-End Audit

question 42

Multiple Choice

With respect to the auditor's planning of a year-end audit, which of the following statements is always true?

• A) An engagement should not be accepted after the fiscal year-end.
• B) An inventory count must be observed at the balance sheet date.
• C) The client's audit committee should not be told of any specific audit procedures which will be performed.
• D) It is an acceptable practice to carry out parts of the examination at interim dates.

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