Describe the following requirements that help to achieve audit quality and thereby help to minimize the exposure
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Describe the following requirements that help to achieve audit quality and thereby help to minimize the exposure of external auditors to lawsuits:
a. Maintaining auditor independence
b. Participating in review programs
c. Issuing engagement letters
d. Making appropriate client acceptance/continuance decisions
e. Evaluating the audit firm’s limitations
f. Maintaining high quality audit documentation
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Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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