IIA Exam CPEA Topic 1 Question 80 Discussion

Actual exam question for IIA's CPEA exam

Question #: 80
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

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Suggested Answer: A

by Sharen at Jul 02, 2024, 06:07 AM

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Carline

7 months ago

I'd say the answer is D, as long as the management's integrity isn't 'audacious'.

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Truman

7 months ago

I'd choose E) All of the above, because auditors need to consider everything - including the occasional bribe or two.

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Gertude

6 months ago

D) Integrity of management

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Ashanti

6 months ago

C) Apparent scope limitation

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Thaddeus

6 months ago

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

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Lizette

6 months ago

A) Adequacy of the preplanned audit program

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Delpha

7 months ago

I think all options are important, but we should prioritize integrity of management.

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Refugia

7 months ago

Hmm, I'm torn between A and D. The audit program and management's integrity both play a key role.

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Azalee

6 months ago

I agree, both are important factors to consider in accepting a client for an audit engagement.

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Myong

6 months ago

D) Integrity of management

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Nana

6 months ago

A) Adequacy of the preplanned audit program

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Emilio

6 months ago

Management's integrity is also a critical aspect to evaluate.

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Aja

6 months ago

The preplanned audit program is crucial for a successful audit.

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Leatha

6 months ago

I think both A and D are important factors to consider.

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Emerson

7 months ago

B seems like the best option to me. Consistency in accounting principles is vital for a successful audit.

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Lorriane

7 months ago

Yes, it's important to ensure that the client can establish consistency in their financial reporting.

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Ailene

7 months ago

I agree, consistency in accounting principles is key for a successful audit.

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Felix

8 months ago

I believe the ability to establish consistency in application of accounting principles between years is also important.

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Graham

8 months ago

I'd go with C. Apparent scope limitation is a red flag that needs to be addressed.

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Xenia

7 months ago

I think we should also take into account the adequacy of the preplanned audit program.

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Queen

7 months ago

That's true, integrity of management is important too. It's a tough call.

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Yolando

7 months ago

But don't you think integrity of management is also crucial in making this decision?

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Linsey

7 months ago

I agree, apparent scope limitation is definitely something to consider.

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Noelia

8 months ago

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

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Carry

8 months ago

I think the integrity of management is crucial.

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Shaun

8 months ago

Definitely D. The integrity of management is crucial in assessing the client's reliability.

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Talia

8 months ago

A) Adequacy of the preplanned audit program is also important to ensure a thorough audit process.

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Doug

8 months ago

D) Integrity of management is definitely a key factor to consider.

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