ACCA AA · Chapter 5 · Question 1 of 9
Which of the following would NOT normally be included in an audit engagement letter under ISA 210?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) The level of materiality that the auditor will apply
Explanation
ISA 210 requires the engagement letter to cover the objective and scope of the audit, the responsibilities of auditor and management, the financial reporting framework and the expected form of reports. Materiality is a matter of the auditor's professional judgement determined during planning and is not agreed with the client.
More Engagement acceptance and audit planning MCQs
- Q3For a recurring audit, which of the following would most likely cause the auditor to issue a revised engagement letter?
- Q4Which document sets out the nature, timing and extent of the planned risk assessment procedures and further audit procedures at assertion…
- Q5Consider the following procedures: 1. Enquiries of management and others within the entity 2. Analytical procedures 3. Observation and…
- Q6What is the main purpose of the engagement team discussion required by ISA 315 and ISA 240?
- Q7Which of the following procedures would normally be performed at the final audit visit rather than at the interim audit?