There are fundamental principles that the professional accountant has to observe when performing assurance engagements. The requirement of which principle is of particular importance in an assurance engagement in ensuring that the conclusion of the professional accountant has value to the intended user? a. Integrity b. Confidentiality c. Professional competence d. Objectivity

There are fundamental principles that the
professional accountant has to observe
when performing assurance engagements.
The requirement of which principle is of
particular importance in an assurance
engagement in ensuring that the conclusion
of the professional accountant has value to
the intended user?
a. Integrity
b. Confidentiality
c. Professional competence
d. Objectivity
by

1 Answer

Answer :

Objectivity
by

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Assurance engagements should exhibit the following elements except a. A subject matter b. Suitable criteria c. Evidence d. Appropriate professional fees

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Which of the following statements would least likely appear in an auditor's engagement letter? a. Our engagement is subject to the risk that material errors, fraud, and defalcations, if they exist, will not be detected. b. During the course of our audit we may observe opportunities for economy in, or improved controls over, your operations. c. After performing our preliminary analytical procedures we will discuss with you the other procedures we consider necessary to complete the engagement. d. Fees for our services are based on our regular per diem rates, plus travel and other out-of-pocket expenses

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