Which of the following is not type of engagement standard?
Correct answer: B. Standard on Quality Control
- A. Standards on Auditing
- B. Standard on Quality Control
- C. Standards on Review Engagement
- D. Standards on Assurance EngagementHire An Accountant
Explanation
Standards on Auditing, Review Engagements and Assurance Engagements govern types of professional engagements. A Standard on Quality Control governs the firm's quality system rather than being an engagement standard.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
Practise Auditing
162 free Auditing MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Auditing questions
Auditing engagement can be performed w.r.t.
Scope of financial audit is__________?
Auditing is what?
Which of these are types of Audit Report?
You have been proposed as auditor of a company. What is the first step that you should take?
Which one of the following may auditors NOT perform for their client?