Assuming that it is not the first appointment of the auditor, who is responsible for the appointment of the auditor?

Related Mcqs:

Process of verifying the documentary evidences of transactions are known as___________?

A. Auditing B. Testing C. Vouching D. Verification...

Internal audit is undertaken:

A. By independent auditor B. Statutorily appointed auditor C. By a person appointed by the management D. By a government auditor...

The quantity of audit working papers complied on engagement would most be affected by__________?

A. Management’s integrity B. Auditor’s experience and professional judgment C. Auditor’s qualification D. Control risk...

The auditor has a right to­___________?

A. Obtain information and explanation B. Obtain information and explanation from the employees and officers C. Obtain information and explanation necessary for the purpose of audit D. Both B. and C....

What is meant by negative assurance?

A. The auditor cannot give an opinion due to lack of evidence. B. The client’s financial statements were found to be materially misstated. C. The auditor could not conduct any tests due to lack of controls. D. The auditor did not find anything to indicate that a material misstatement exists....