When an Auditor Relies on the Work of Another Auditor

question 41

Multiple Choice

When an auditor relies on the work of another auditor, the auditor issuing the audit report may:

• A) state this fact in the audit report.
• B) disclaim responsibility for this audit work.
• C) issue a qualified opinion with an explanatory paragraph.
• D) issue a qualified opinion, except for the work of the other auditor.

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Definitions:

Services Rendered

The provision of work performed by one party for another in exchange for compensation.

Earning Revenue

Earning revenue refers to the total amount of money earned or income generated from a company's normal business activities before any costs or expenses are deducted.

Monetary Value

The value of an asset, service, or amount expressed in terms of money.

Performance of Services

The execution of tasks or provision of work that delivers value to clients or customers, typically in exchange for payment.