Purchase Solution

First standard of field work discussion

Not what you're looking for?

Ask Custom Question

The first standard of field work recognizes that early appointment of the independent auditor has many advantages to the auditor and the client. which of the following advantages is least likely to occur as a result of early appointment of the auditor?

a. the auditor will be able to plan the audit work so that it may be done expeditiously.
b. the auditor will be able to complete the audit work in less time.
c. the auditor will be able to better plan for the observation of the physical inventories.
d. the auditor will be able to perform the examination more efficiently and will be finished at an early date after the year-end.

Purchase this Solution

Solution Summary

The solution discusses each of the tentative answers to the problem.

Solution Preview

The first standard of field work discusses adequate planning and supervision for the audit, but it does not discuss when the auditor is appointed. Further, we presume that ...

Purchase this Solution


Free BrainMass Quizzes
IPOs

This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Basics of corporate finance

These questions will test you on your knowledge of finance.