Question

Auditing

Policies and procedures should be implemented to provide the firm with reasonable assurance the personnel will seek assistance from persons having appropriate levels of knowledge, competence, judgement, and authority. Those policies and procedures do not

A. Designate individuals as specialists to serve as authoritative sources and define their authority in consultative situations.

B. Identify areas in which consultation is required and encourage personnel to consult with or use authoritative sources on other complex or unusual matters.

C. Provide continuing education to professional staff.

D. Provide for resolving differences of opinion between engagement personnel and specialists.

Answer 1

A. Designate individuals as specialists to serve as authoritative sources and define their authority in consultative situations.