When an Audit Report Is Issued for a Group Audit,the

question 65

True/False

When an audit report is issued for a group audit,the group engagement partner must decide whether to assume the responsibility for the work of the component auditors or whether to refer to their work in the audit report.

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Definitions:

Ethical

Pertaining to or dealing with morals or the principles of morality; adhering to the standards of what is right or just in behavior.

Unethical

Not conforming to approved standards of social or professional behavior; acting against moral principles.

Subjective Probabilities

Are personal judgments or beliefs about the likelihood of certain outcomes, often based on individual experience or intuition rather than objective data.

Mathematically

Pertaining to the use, study, or application of mathematics.