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When difference of opinion arises among engagement partner, engagement team, quality control reviewer engagement team should follow whom and why?

Auditing

Options are firms policy and procedures Majority of engagement partners Engagement partner Quality control reviewer

K.V. Karthik

CA Inter

★ 34K+

08-May-20 09:25

624

Answers (2)

(Correct Option - Firms policy and procedures It is generally expected that disagreements are normally resolved by direct settlement. It is inappropriate for the engagement partner to assume sole authority for resolving disagreements with parties consulted or a quality reviewer. A firm/Office process for resolving disagreements must be in place.

Sudha Reddy

CA Final

★ 20K+

08-May-20 13:35

Sudha Reddy

(Correct Option - Firms policy and procedures It is generally expected that disagreements are normally resolved by direct settlement. It is inappropriate for the engagement partner to assume sole authority for resolving disagreements with parties consulted or a quality reviewer. A firm/Office process for resolving disagreements must be in place.

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Thread Starter

K.V. Karthik

CA Inter

★ 34K+

08-May-20 13:42