Indicate Whether You Agree or Disagree with the Following Statements

question 15

Essay

Indicate whether you agree or disagree with the following statements and explain your reasoning.
a) To ensure that it is independent of prospective and continuing clients, an audit firm must review the threats to independence, and make certain that safeguards are put in place to limit or remove those threats.
b) The final stage in the client acceptance and continuance decision process involves assessing independence threats.
c) By signing the engagement letter, management is not necessarily considered to be responsible for the financial statements.
d) To successfully sue an auditor, a plaintiff must only prove that a duty of care was owed by the auditor.

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Definitions:

Credentialling

The process of verifying the qualifications and professional credentials of healthcare professionals or institutions, often involving certification or licensing.

Psychological Disorders

Psychological disorders are patterns of behavioral or psychological symptoms that impact multiple areas of life, leading to distress for the person experiencing them.

Etiologies

The study of the causes or origins of diseases and conditions, aiming to understand why a disease develops in a particular individual or context.

Specific Approaches

This term refers to particular methods or techniques developed for addressing specific tasks, problems, or areas of research.