An auditor's professional competence is directly related to the audit fees it is able to negotiate as part of the client acceptance or continuance activities.

Question

Quizplus · Accepted Answer

An auditor's professional competence is determined by their knowledge, skills, and abilities, not by the fees they negotiate. Audit fees may reflect the complexity of the audit but are not a direct measure of an auditor's competence.

An Auditor's Professional Competence Is Directly Related to the Audit