IIA Exam CPEA Topic 1 Question 83 Discussion

Actual exam question for IIA's CPEA exam

Question #: 83
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 Lakeesha at Aug 04, 2024, 11:22 PM

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Barrett

6 months ago

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

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Cherri

6 months ago

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

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Mattie

6 months ago

D all the way! Integrity of management is like the secret sauce of a successful audit. Without it, the whole thing might as well be a game of charades.

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Cathrine

5 months ago

Integrity is the foundation of trust in the audit process.

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Gaston

5 months ago

Definitely, integrity is key in ensuring the accuracy and reliability of the audit.

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Glory

5 months ago

I agree, without integrity in management, the audit could be compromised.

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Ivan

5 months ago

D) Integrity of management

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Cathrine

5 months ago

C) Apparent scope limitation

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Gerry

6 months ago

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

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Lorriane

6 months ago

A) Adequacy of the preplanned audit program

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Lisandra

6 months ago

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

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Skye

6 months ago

B is the answer, hands down. Consistency in accounting principles is the foundation for a reliable audit. If the client can't keep it together year after year, how can the auditor trust the numbers?

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Talia

5 months ago

True, but without consistency in accounting principles, the audit could be compromised regardless of management integrity.

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Maryln

5 months ago

Definitely, integrity is important too. It's crucial to trust the people running the show.

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Carmela

6 months ago

But what about the integrity of management? Shouldn't that also be a major factor in accepting a client?

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Adell

6 months ago

I agree, consistency is key when it comes to auditing.

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Serina

6 months ago

I think the integrity of management is crucial.

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Glenn

6 months ago

Yes, that's true. We need to have a solid plan in place for the audit.

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Cecilia

6 months ago

I'm going with C. Apparent scope limitation is a red flag that the auditor should definitely consider. Can't have a solid audit without access to all the necessary information.

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Hermila

6 months ago

Option D is the way to go! Integrity of management is crucial for a successful audit engagement. Anything less would be like driving a car with no steering wheel - not gonna end well.

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