Pre-engagement activities

Why would an auditor perform pre-engagement activities?

• avoid reputational damage

• comply with ethical considerations

• provide a quality audit

• comply with statutory/regulatory requirements

Pre-engagement is the second step in the audit process.

• True

• False

Risk-assessment procedures include

• Analytical procedures

• Observe

• Recalculate

• Reperform

The document that will be signed between the auditor and the client

(a)  

The auditors independence will be considered under

• auditors consideration

• client consideration

When considering the financial responsibility of the client, we have to consider:

• Willingness

• Ability

Deals with the engagement quality reviewer

• ISQM1

• ISQM2

Part 2 of the COPC applies to

• a CA in public practice

• a CA in business

Who is responsible to prepare financial statements?

• auditor

• management

The different considerations that will be taken into account is:

• engagement consideration

• quality consideration

• client consideration

• ethical consideration

• auditor consideration