Quality Control and Ethical Requirements in SAI India
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Questions and Answers

What is the purpose of establishing effective communication throughout the audit process?

  • To keep the auditors informed
  • To expedite the audit process
  • To develop a constructive working relationship (correct)
  • To minimize the need for documentation

    • Which of the following is NOT a requirement related to documentation as per the text?

  • Using specific software for documentation (correct)
  • Preparing documentation in a timely manner
  • Providing timely observations and findings to management
  • Assembling the final audit file

    • What is emphasized as vital for communicating significant audit findings?

  • Avoiding all forms of communication
  • Oral communication only
  • Two-way communication throughout the engagement
  • Written communication (correct)

    • When can auditors depart from a relevant requirement in auditing standards regarding documentation?

    <p>When they judge it necessary</p> Signup and view all the answers

    What is an essential aspect of communication during an audit engagement?

    <p>Providing information relevant to the audit</p> Signup and view all the answers

    Why is it important to provide timely observations and findings to management during an audit engagement?

    <p>To keep them informed throughout the engagement</p> Signup and view all the answers

    What does effective two-way communication during an engagement promote?

    <p>Constructive working relationship</p> Signup and view all the answers

    What is one of the aspects mentioned regarding documentation requirements when auditors perform new or additional audit procedures?

    <p>Updating documentation based on new procedures</p> Signup and view all the answers

    In what situation should auditors communicate significant audit findings to those charged with governance?

    <p>Consistently throughout the engagement</p> Signup and view all the answers

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