Client Acceptance in Professional Appointments
5 Questions
1 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

According to Section 320, what is one factor the auditor should consider when accepting a client appointment?

  • The auditor's availability to perform the engagement
  • The auditor's previous experience with the client
  • The auditor's personal relationship with the client
  • The auditor's competence to perform the engagement (correct)

    • What is one potential threat to compliance with the fundamental principles that the auditor should consider when accepting a client appointment?

  • The client's previous experience with auditors
  • The client's involvement in illegal business activities (correct)
  • The client's reputation in the industry
  • The client's financial stability

    • If the auditor cannot eliminate or reduce the threats to an acceptable level with proper safeguards, what should they do?

  • Request additional information from the client
  • Accept the appointment
  • Decline the appointment (correct)
  • Seek legal advice

    • What should the auditor investigate when considering the background and business activities of the audit client?

    <p>The client's involvement in illegal business activities</p> Signup and view all the answers

    What should the auditor consider when accepting a client appointment?

    <p>The auditor's competence to perform the engagement</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser