alleryStart learning →Before a company appoints an auditor, what must it obtain from him?
AA bank guarantee deed
BA police clearance letter
CA list of past clients
DConsent and a certificate
Answer & Solution
Correct answer: D. Consent and a certificate
The auditor must give written consent and a certificate that the appointment meets the prescribed conditions, including section 141 criteria.
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Quoting very low audit fees to win repeat business threatens what?Independence in appearance is also known as what?Which is one of the five threats to independence in the IESBA Code?Why is independence called the cornerstone of the auditing profession?Which action does the principle of auditor independence rule out?A cost audit under section 148 relates to the section 143 audit how?Can the statutory auditor appointed under section 139 also do the cost audit?A cost audit under section 148 is conducted by whom?