A major consideration in assigning staff to an audit engagement is the experience levels required for the work, while a less important consideration is maintaining staff continuity on the engagement.

Question

Quizplus · Accepted Answer

The statement is false. Maintaining staff continuity on an engagement is actually a major consideration for audit firms. This helps ensure that the audit team has a good understanding of the client's business and previous audit work, which can increase efficiency and effectiveness. However, experience levels of staff are also an important consideration.

A Major Consideration in Assigning Staff to an Audit Engagement