Which is a true statement about staffing and supervision

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Problem 1: Which of the following is a true statement about staffing and supervision of litigation services engagements?

Option 1: If an expert fails to adequately direct and supervise the work performed, the expert may not be in compliance with Statement on Standards of Forensic Services No. 1 and may be attacked for inadequate foundation for the opinions offered.

Option 2: There are no specific AICPA requirements for supervision of litigation services engagements. An AICPA member is only required to provide an opinion that is free of material error and admissable in court.

Option 3: If an error is found in an expert report, and the error is shown to have been the result of the work of junior staff, then expert is not deemed to be at fault.

Option 4: Generally, expert witnesses work alone and have few staff members supporting them. For this reason, supervision and control have less importance in litigation assignments than in other CPA services.

Reference no: EM132688963

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