
Experts
Authored by Akash Goel
Other
Professional Development
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Management expert's work is used by the entity
Answer explanation
Definition
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When information to be used as audit evidence has been prepared using the work of a management’s expert, the auditor shall, to the extent necessary, having regard to the significance of that expert’s work for the auditor’s purposes.
Answer explanation
Definition
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Usual tax compliance Ltd. has encounter an unusual tax compliance issue that could result in material liabilities recorded in the financial statement. Whether this situation constitute a requirement of management expert?
Answer explanation
Definition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Heena jewels has engaged their own expert to assist in valuing their inventory. Whether this constitute a requirement of management expert?
Answer explanation
Definition
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Information prepared by the entity using the work of management expert don't constitute audit evidence.
Answer explanation
Definition
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What procedure is required to be performed by engagement team to evaluate the adequacy of expert's work?
Answer explanation
Definition
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
MNC ltd. Involves various experts for their financial statement preparation purpose. What of the following is not the example of expertise in accounting and auditing?
Answer explanation
Definition
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