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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:

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Suggested Answer: A

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

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Elenor
6 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.
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Karima
5 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.
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Niesha
5 months ago
A) Adequacy of the preplanned audit program
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Venita
6 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!
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Willis
6 months ago
I'm going with B) Ability to establish consistency in application of accounting principles. That's the backbone of a reliable audit.
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Long
5 months ago
I think all these factors play a role in making sure we conduct a thorough and reliable audit.
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Tish
5 months ago
True, the integrity of management is also important to consider when accepting a client for an audit engagement.
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Tamekia
5 months ago
But we also need to consider the adequacy of the preplanned audit program to ensure we cover all necessary areas.
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Latanya
6 months ago
I agree, consistency in application of accounting principles is crucial for a reliable audit.
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Vallie
6 months ago
I believe establishing consistency in application of accounting principles between years is also important for audit engagement.
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Melita
6 months ago
C) Apparent scope limitation is a crucial red flag. If the client is trying to hide something, that's a deal-breaker.
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Kanisha
6 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.
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Soledad
5 months ago
D) Integrity of management
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Johnna
5 months ago
B) Ability to establish consistency in application of accounting principles between years
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Ivory
5 months ago
A) Adequacy of the preplanned audit program
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Jacqueline
6 months ago
I agree with Cecil, but we should also consider the adequacy of the preplanned audit program.
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Cecil
6 months ago
I think the integrity of management is crucial for accepting a client.
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