Engagement quality reviews are automatically required for which type of audit client?
A)All public companies.
B)All private companies.
C)All private and public companies.
D)All listed public entities.

Question

Quizplus · Accepted Answer

Engagement quality reviews are automatically required for all listed public entities, as per International Standard on Quality Control (ISQC) 1. However, for private companies, engagement quality reviews may be required based on the auditor's judgment and assessment of risks. Therefore, options A, B, and C are not correct.

Engagement Quality Reviews Are Automatically Required for Which Type of Audit