Please answer the following questions: 1. If the detection risk for a particular

Question

Please answer the following questions:

1. If the detection risk for a particular account is HIGHER than last year, then (testing will?) examine what amount of evidence?

A. A larger amount of evidence

B. A lesser amount of evidence

C. No change in the amount of evidence

D. Not able to determine from the information given

2. Preparing a tax return on a contingent fee basis for a nonattest client

            A. Yes

            B. No

3. Could the following situation result in withdrawal from the audit:

Management refuses to provide written representation letter

            A. Yes

            B. No

Explanation / Answer

Answers:-

1) D. Not able to determine from the information given

2) B. No

3) B. No

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