5 Questions
According to Section 320, what is one factor the auditor should consider when accepting a client appointment?
The auditor's competence to perform the engagement
What is one potential threat to compliance with the fundamental principles that the auditor should consider when accepting a client appointment?
The client's involvement in illegal business activities
If the auditor cannot eliminate or reduce the threats to an acceptable level with proper safeguards, what should they do?
Decline the appointment
What should the auditor investigate when considering the background and business activities of the audit client?
The client's involvement in illegal business activities
What should the auditor consider when accepting a client appointment?
The auditor's competence to perform the engagement
Test your knowledge on client acceptance in professional appointments with this quiz. Explore concepts such as background investigation, business activities, and threats to compliance with fundamental principles.
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