Identify each of the following statements as being related to the responsibilities (RSP), performance (P), or reporting (RPT) principles.
______ 1. Evaluating audit firm personnel’s independence with respect to a prospective client.
______ 2. Gathering sufficient, appropriate evidence.
______ 3. Exercising an appropriate level of professional skepticism.
______ 4. Issuing a qualified opinion because of a material, yet not pervasive, departure from GAAP.
______ 5. Establishing materiality levels for use in determining the amount of evidence to be gathered.
______ 6. Considering the susceptibility of the account balance to misstatement to assess the risk of material misstatement.
______ 7. Possessing the appropriate competence and capabilities to perform the audit.
______ 8. Considering whether a scope limitation precludes sufficient evidence to allow an opinion to be expressed on the entity’s financial statements.
______ 9. Planning the work to provide reasonable assurance that the financial statements are free from material misstatement.
______ 10. Evaluating the potential relationships between the auditor and family who are employed by the entity.
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