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Which the auditor first step should be to

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Reference no: EM132867232

Problem 1: The most important reason that auditors correspond with an audit client's external lawyers during the course of an audit is

a-To obtain audit evidence with respect to date of incorporation of their audit client

b- To obtain audit evidence concerning legal fees charged to their client

c-To satisfy requests from the audit committee

d-To obtain audit evidence concerning contingent liabilities

Problem 2: If auditors discover that the total errors found during an audit exceed the audit materiality, the auditor's first step should be to:

a- resign

b-request management to amend the financial statements

c-increase their fee

d-immediately amend the financial statements

Reference no: EM132867232

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