CAF-8 · Chapter 2 · Question 8 of 10
According to ISA 220, who bears the ultimate responsibility for the overall quality of a specific audit engagement?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) The engagement partner
Explanation
The engagement partner takes overall responsibility for the overall quality on each audit engagement to which they are assigned.
More Obtaining an Engagement MCQs
- Q10What is the primary purpose of signing an audit engagement letter?
- Q1Before accepting a new audit engagement, the auditor must establish if the 'preconditions for an audit' are present. Which of the…
- Q2Management requests the auditor to change the terms of the audit engagement to a limited review because they do not want the auditor…
- Q3Which of the following matters is NOT typically included in an audit engagement letter?
- Q4For a recurring audit, ISA 210 requires the auditor to consider whether terms need to be revised. Which event is most likely to trigger a…
