DEA1 ACC 562 EXAM PACK 2022
DEA1. A limitation of an audit is caused by
the nature of financial reporting
the nature of audit procedures
the need for the audit to be conducted within a reasonable period of time and at a reasonable cost.
all of the above
2. Which of the following is NOT true about Corporate Social Responsibility assurance?
reporting is voluntary and is becoming more widespread.
includes both financial and non-financial information.
is required to be performed by an auditor.
disclosures include environmental, employee and social reporting.
3. It is a requirement to be registered as an auditor in Australia to
be a fit and proper person
be a member of CPA Australia, the ICAA or other approved body
have a degree or diploma from a course in accounting (including auditing) of not less than 3 years
duration and in commercial law(including company law) of not less than 2 years duration or have
other equivalent qualifications acceptable to ASIC.
all are requirements to be registered as an auditor in Australia