IIA Exam CPEA Topic 1 Question 92 Discussion

Actual exam question for IIA's CPEA exam

Question #: 92
Topic #: 1

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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1 days 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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4 days ago

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

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5 days 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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7 days 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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7 days ago

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

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12 days ago

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

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