In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment. The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client. Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence. To select: The correct option.

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Answer 1

Question

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

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Answer 2

Question

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Expert Solution & Answer

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Answer 3

Question

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Answer 6

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Answer 7

Chapter 19, Problem 19.19MCQ

To determine

Introduction:

In case the undisputed audit fees for carrying out the statutory audit has not been paid,the auditor should not accept the appointment unless such fees are paid otherwise audit will deemed to be not carried out in the independent environment.

The auditor’s independence with respect to 2019’s audit will be affected because of Non-payment of undisputed audit fees by client.

Audit fees shall be payable by the issue of reportin order to ensure auditor’s independence.

To select: The correct option.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 19 - Prob. 19.1RQ Ch. 19 - Prob. 19.2RQ Ch. 19 - Prob. 19.3RQ Ch. 19 - Prob. 19.4RQ Ch. 19 - Prob. 19.5RQ Ch. 19 - Prob. 19.6RQ Ch. 19 - Prob. 19.7RQ Ch. 19 - Prob. 19.8RQ Ch. 19 - Prob. 19.9RQ Ch. 19 - Prob. 19.10RQ

Solution Summary: The author opines that audit fees must be paid by the end of 2018 audit so that auditor's independence is not affected with respect to 2019 audit.

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