Exam (elaborations)
IAS 2300 - Performing the Engagement questions with correct answers
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IAS 2300 - Performing the Engagement questions with correct answers
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IAS 2300 - Performing the Engagementquestions with correct answers
Sufficient Information - correct answer ✔✔Factual and convincing data for informed conclusions by the
auditor.
Reliable Information - correct answer ✔✔Best attainable data obtained through appropriate techniques.
Relevant Information - correct answer ✔✔Supports engagement observations and recommendations.
Useful Information - correct answer ✔✔Aids the organization in meeting its goals.
Analysis and Evaluation - correct answer ✔✔Basis for drawing conclusions and engagement results.
Documenting Information - correct answer ✔✔Recording reliable data to support engagement results
and conclusions.
Access Control for Engagement Records - correct answer ✔✔Control access to engagement records and
obtain approval before releasing them to external parties.
Retention Requirements for Engagement Records - correct answer ✔✔Develop consistent retention
requirements for engagement records, in line with organizational and regulatory guidelines.
Policies for Custody and Retention of Consulting Engagement Records - correct answer ✔✔Develop
policies governing the custody, retention, and release of consulting engagement records, consistent with
organizational and regulatory requirements.
Engagement Supervision - correct answer ✔✔Proper supervision to ensure objective achievement,
quality assurance, and staff development.
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