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

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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

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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Niesha

6 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

6 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

6 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

6 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

7 months ago

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

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Melita

7 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

7 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

6 months ago

A) Adequacy of the preplanned audit program

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Jacqueline

7 months ago

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

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Cecil

7 months ago

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

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