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Questions and Answers
Which of the following factors does the auditor consider when determining the need to use the work of an auditor's expert?
Which of the following factors does the auditor consider when determining the need to use the work of an auditor's expert?
- The size of the engagement team
- The availability of audit evidence
- The auditor's personal preference
- The risk of material misstatement (correct)
What does the auditor evaluate when assessing the professional competence of an expert?
What does the auditor evaluate when assessing the professional competence of an expert?
- The expert's professional certification or licensing (correct)
- The expert's personal opinions
- The expert's availability for future engagements
- The expert's relationship with the engagement team
What does the establishment of the overall audit strategy involve?
What does the establishment of the overall audit strategy involve?
- Evaluating the quality of audit evidence
- Identifying all potential risks
- Setting the reporting objectives (correct)
- Determining the scope of the audit engagement
