Auditing chapter 4 test bank

The client owes the auditor fees for two consecutive annual audits

If a nonpublic company asks an accountant to perform a review engagement, and the accountant has an immaterial direct financial interest in the company, the accountant is: b a

After obtaining an understanding of internal control and assessing control risk, an auditor decideto perform tests of controls

The auditor most likely decided that a) It would be efficient to perform tests of controls that would result in a reduction in planned substantive tests