Engagement teams are not entitled to rely on the firm's system of quality control.Select one:TrueFalse

If the engagement team lacks the competency in a certain field, they may employ an external expert to assist them in the engagement.Group of answer choicesTrueFalse

The engagement quality control reviewer shall document, for the audit engagement reviewed, that:Select one:a.The engagement quality control review has been completed on or before the date of the auditor's report; andb.All of these must be documentedc.The procedures required by the firm's policies on engagement quality control review have been performed;d.The reviewer is not aware of any unresolved matters that would cause the reviewer to believe that the significant judgments the engagement team made and the conclusions they reached were not appropriate.

For audits of financial statements of listed entities, and those other audit engagements, if any, for which the firm has determined that an engagement quality control review is required, the engagement partner shall:Select one:a.Discuss significant matters arising during the audit engagement, including those identified during the engagement quality control review, with the engagement quality control reviewer.b.Not date the auditor's report until the completion of the engagement quality control review.c.Discuss significant matters arising during the audit engagement, but not including those identified during the engagement quality control review, with the engagement quality control reviewerd.Determine that an engagement quality control reviewer has been appointed.

In a direct reporting engagement, the practitioner can still obtain a representation even when the engaging party is different from the responsible party.Select one:TrueFalse

A practitioner can accept an engagement even if preliminary knowledge of the engagement circumstances indicates that ethical requirements regarding professional competence will not be satisfied.Select one:TrueFalse