Question Tag: Auditor's Liability

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AAA – Nov 2011 – L3 – SA – Q1 – Auditor’s Legal Liability

Identifies the IT automation service that alleviates document-based process management.

A technology that takes away the problems associated with managing Information Technology Systems and can help automate document-based processes, so that customers can focus on growing and knowing their businesses, is known as:

  • A. Hosted services
  • B. Bureau services
  • C. Amazon services
  • D. Desktop services
  • E. Office assistance services

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AA – Nov 2016 – L2 – Q2a – Professional Ethics and Code of Conduct for Auditors (IESBA Code)

This question addresses the ethical issues auditors face when accepting clients and engagements, focusing on independence and professional conduct.

Audit practice around the world is generally a business, and its objective is to make profit. However, this does not mean that the practice should automatically accept every audit engagement that is offered to it to maximise profit. Circumstances may arise where it is appropriate to decline the offer of an audit engagement for either commercial or ethical reasons.

Required:
a. Discuss the ethical issues to be considered by an independent auditor in the following matters:
i. Client Acceptance
ii. Engagement Acceptance
(5 Marks)

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AAA – Nov 2011 – L3 – SA – Q1 – Auditor’s Legal Liability

Identifies the IT automation service that alleviates document-based process management.

A technology that takes away the problems associated with managing Information Technology Systems and can help automate document-based processes, so that customers can focus on growing and knowing their businesses, is known as:

  • A. Hosted services
  • B. Bureau services
  • C. Amazon services
  • D. Desktop services
  • E. Office assistance services

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q1 – Auditor’s Legal Liability"

AA – Nov 2016 – L2 – Q2a – Professional Ethics and Code of Conduct for Auditors (IESBA Code)

This question addresses the ethical issues auditors face when accepting clients and engagements, focusing on independence and professional conduct.

Audit practice around the world is generally a business, and its objective is to make profit. However, this does not mean that the practice should automatically accept every audit engagement that is offered to it to maximise profit. Circumstances may arise where it is appropriate to decline the offer of an audit engagement for either commercial or ethical reasons.

Required:
a. Discuss the ethical issues to be considered by an independent auditor in the following matters:
i. Client Acceptance
ii. Engagement Acceptance
(5 Marks)

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