IIA Exam CPEA Topic 1 Question 92 Discussion

Actual exam question for IIA's CPEA exam

Question #: 92
Topic #: 1

[All CPEA Questions]

In assessing whether to accept a client for an audit engagement, a, auditor should consider the:

AAdequacy of the preplanned audit program

BAbility to establish consistency in application of accounting principles between years

CApparent scope limitation

DIntegrity of management

Show Suggested Answer

Suggested Answer: A

by Kathrine at Nov 18, 2024, 03:28 PM

Limited Time Offer

25%

Off

Get Premium CPEA Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Elenor

4 months ago

D) Integrity of management, all the way. If they're cooking the books, I don't care how well-planned your audit is - you're just chasing shadows.

upvoted 0 times

Karima

4 months ago

D) Integrity of management, all the way. If they're cooking the books, I don't care how well-planned your audit is - you're just chasing shadows.

upvoted 0 times

...

Niesha

4 months ago

A) Adequacy of the preplanned audit program

upvoted 0 times

...

Venita

4 months ago

A) Adequacy of the preplanned audit program? Come on, that's like asking if the mechanic has the right tools. It's a given!

upvoted 0 times

...

Willis

4 months ago

I'm going with B) Ability to establish consistency in application of accounting principles. That's the backbone of a reliable audit.

upvoted 0 times

Long

4 months ago

I think all these factors play a role in making sure we conduct a thorough and reliable audit.

upvoted 0 times

...

Tish

4 months ago

True, the integrity of management is also important to consider when accepting a client for an audit engagement.

upvoted 0 times

...

Tamekia

4 months ago

But we also need to consider the adequacy of the preplanned audit program to ensure we cover all necessary areas.

upvoted 0 times

...

Latanya

4 months ago

I agree, consistency in application of accounting principles is crucial for a reliable audit.

upvoted 0 times

...

Vallie

4 months ago

I believe establishing consistency in application of accounting principles between years is also important for audit engagement.

upvoted 0 times

...

Melita

5 months ago

C) Apparent scope limitation is a crucial red flag. If the client is trying to hide something, that's a deal-breaker.

upvoted 0 times

...

Kanisha

5 months ago

D) Integrity of management is definitely the most important factor to consider. You can't trust the numbers if the leadership is shady.

upvoted 0 times

Soledad

3 months ago

D) Integrity of management

upvoted 0 times

...

Johnna

3 months ago

B) Ability to establish consistency in application of accounting principles between years

upvoted 0 times

...

Ivory

4 months ago

A) Adequacy of the preplanned audit program

upvoted 0 times

...

Jacqueline

5 months ago

I agree with Cecil, but we should also consider the adequacy of the preplanned audit program.

upvoted 0 times

...

Cecil

5 months ago

I think the integrity of management is crucial for accepting a client.

upvoted 0 times

...