The following statements relate to the three
parties involved in an assurance
engagement. Which is correct?
a. The responsible party and the intended
users should always be from different
entities.
b. A practitioner should not accept an
assurance engagement when the subject
matter of the engagement requires
specialized skills and knowledge beyond
those ordinarily possessed by the
practitioner.
c. A responsible party is the person
who is responsible for the subject
matter or the subject matter
information.
d. In all assurance engagements, the
responsible party is the engaging party,
i.e., the party that engages the
practitioner
parties involved in an assurance
engagement. Which is correct?
a. The responsible party and the intended
users should always be from different
entities.
b. A practitioner should not accept an
assurance engagement when the subject
matter of the engagement requires
specialized skills and knowledge beyond
those ordinarily possessed by the
practitioner.
c. A responsible party is the person
who is responsible for the subject
matter or the subject matter
information.
d. In all assurance engagements, the
responsible party is the engaging party,
i.e., the party that engages the
practitioner