Economics · Professional Ethics and Auditing
The CFO of a client has expressed urgency in finalizing the audit report. The audit team feels pressured to wrap up quickly, even though some areas require additional testing. As an auditor, which of the following is the most appropriate safeguard to mitigate this threat?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Reduce the size of the samples that the audit planned to test so that the work is completed within the required deadlines.
- 2The audit partner should inform the management that the team will undertake the audit in accordance with all professional standards and quality management procedures.✓
- 3Resign from the audit engagement immediately due to the pressure.
- 4Agree with the CFO and quicken the audit process to meet the deadline.
Correct answer
The audit partner should inform the management that the team will undertake the audit in accordance with all professional standards and quality management procedures.
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