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IAS 2300 - Performing the Engagement questions with correct answers R186,03
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Exam (elaborations)

IAS 2300 - Performing the Engagement questions with correct answers

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  • Course
  • IAS 2300
  • Institution
  • IAS 2300

IAS 2300 - Performing the Engagement questions with correct answers

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  • November 22, 2024
  • 1
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • IAS 2300
  • IAS 2300
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IAS 2300 - Performing the Engagement
questions 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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