Fees for audit engagements should take into account:
A) the degree of responsibility the work entails.
B) independence.
C) other services provided.
D) fee dependence.

Question

Quizplus · Accepted Answer

Fees for audit engagements should take into account the degree of responsibility the work entails, as auditors have a significant responsibility to provide reliable information to the public about the financial statements of companies they audit. The other options, including independence, other services provided, and fee dependence, may also be relevant factors to consider, but the degree of responsibility is the most important consideration in determining fees for audit engagements.

Fees for Audit Engagements Should Take into Account