Substantial equivalency refers to a. An auditors tendency not to believe managements assertions without sufficient corroboration. b.
Question:
Substantial equivalency refers to
a. An auditor’s tendency not to believe management’s assertions without sufficient corroboration.
b. Providing consulting work for another firm’s audit client in exchange for the other firm’s providing consulting services to one of your clients.
c. The waiving of certification exam parts for an individual holding an equivalent certification from another professional organization.
d. Permitting a CPA to practice in another state without having to obtain a license in that state.
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a Incorrect Substantial equivalency does not refer to the financial statement auditing process The t...View the full answer
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Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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