The auditor shall document:Select one:a.Conclusions reached regarding the acceptance and continuance of client relationships and audit engagements.b.Issues identified with respect to compliance with relevant ethical requirements and how they were resolved.c.All of these must be documentedd.Conclusions on compliance with independence requirements that apply to the audit engagement, and any relevant discussions with the firm that support these conclusions.

It is the element of system of quality control where the engagement partner shall evaluate information on identified breaches, if any, of the firm'sindependence policies and procedures to determine whether they create athreat to independence for the audit engagementSelect one:a.Relevant Ethical Requirementsb.Independencec.Leadership Responsibilities for Quality on Auditsd.Acceptance and Continuance of Client Relationships and Audit Engagements

Analytical procedures used in planning an audit should focus onSelect one:a.Providing assurance that potential material misstatements will be identified.b.Assessing the adequacy of the available evidential matter.c.Enhancing the auditor's understanding of the client's business.d.Reducing the scope of tests of controls and substantive tests.

Which of the following is required documentation in an audit in accordance with generally accepted auditing standards?Select one:a.An audit program setting forth in detail the procedures necessary to accomplish the engagement's objectives.b.A planning memorandum establishing the timing of the audit procedures and coordinating the assistance of entity personnel.c.An internal control questionnaire identifying policies and procedures that assure specific objectives will be achieved.d.A flowchart or narrative of the information system describing the recording and classification of transactions for financial reporting.

For audits of financial statements of listed entities, the engagement quality control reviewer, on performing an engagement quality control review, shall also consider the following:Select one:a.The engagement team's evaluation of the firm's independence in relation to the audit engagement.b.Whether audit documentation selected for review reflects the work performed in relation to the significant judgments made and supports the conclusions reached.c.Whether appropriate consultation has taken place on matters involving differences of opinion or other difficult or contentious matters, and the conclusions arising from those consultations.d.Evaluation of the conclusions reached in formulating the auditor's report and consideration of whether the proposed auditor's report is appropriate

When sourcing third parties for auditing services, what should organizations consider regarding the auditors' independence?  A. Their relationship with company management  B. Their track record in audit engagements  C. Their independence and impartiality  D. Their adherence to professional codes of conduct