When assigning work to a component auditor,the group engagement partner will;
A)Consider the capacity of the other auditor to undertake the audit
B)Review the work if this is the first engagement by the audit firm
C)Separate the component auditor's findings from those of audit firm
D)Give specific details as to the way to conduct the audit

Question

Quizplus · Accepted Answer

The group engagement partner must consider the capacity of the component auditor to undertake the assigned work, which includes their technical expertise, experience, and independence. This is to ensure that the component auditor is capable of performing the assigned work and delivering quality audit results. Hence, option A is correct.

Option B may not always be necessary, as the group engagement partner may have previously worked with the component auditor or may have received positive feedback from other colleagues.

Option C is not a requirement, as the component auditor's findings are integrated with the audit firm's overall findings to form the basis of the audit report.

Option D may be given as guidance, but it is not necessarily specific to the component auditor. The instructions provided must be sufficient to ensure that the component auditor understands the scope of their work and the reporting requirements.

When Assigning Work to a Component Auditor,the Group Engagement Partner