An Additional Partner Review of the Audit and Its Findings

question 135

Multiple Choice

An additional partner review of the audit and its findings is typically performed by an experienced member of the firm.Which of the following individuals is most qualified to perform this concurring partner review?

• A)The engagement partner who has worked on the client for three years.
• B)An employee of the enforcement division of the SEC.
• C)An experienced partner of the firm who did not actively participate on the audit.
• D)A partner of another firm or office who knows the client well and who was a vital member of the audit team.

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Definitions:

Business

An organization or entrepreneurial entity engaged in commercial, industrial, or professional activities with the aim of generating profits by providing goods or services.

Sweat Equity

The non-monetary investment, typically in the form of labor or services, that a person contributes to a project or business.

Restaurant

A place where prepared food and drinks are sold to the public for consumption on the premises or takeout.

Cousin

A relative with whom a person shares one or more common ancestors, but typically someone outside of a person's immediate family.