Evidence -- Key Considerations Flashcards
1
Q
Procedures that should be investigated as subsequent events include any increase in capital or issuance of debt after year end.
A
Investigation of changes in debt or capital is a must.
2
Q
The risk based approach is use to evaluate whether third parties agrees regarding their knowledge about a CPA being independent or not.
A
Threats to independence can be mitigated or eliminated by safeguards.
