After audit procedures are completed, a partner of the CPA firm who has not been involved in the audit performs a second or wrap-up audit documentation review. This second review usually focuses on
a. Whether the financial statements are consistent with the auditor's understanding of the entity
b. Fraud involving the client's management and its employees
c. The materiality of the adjusting entries proposed by the audit staff
d. The communication of internal control weaknesses to those charged with governance
Ans: a. Whether the financial statements are consistent with the auditor's understanding of the entity
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a. true b. false
Which of the following is a project initiation activity?
A) Developing a preliminary schedule B) Setting a baseline project plan C) Determining project standards and procedures D) Establishing a relationship with the customer E) Developing a communication plan