step 2 incorrect answers

Question 1

what do auditors need to do to charge low fees

Answer 1

disclose them to governance

Question 2

can auditors provide business development advise

Answer 2

no, as they would be taking on a managerial role

Question 3

can you audit two competitors

Answer 3

yes but you need to notify them both that you are doing this

Question 4

what are the objectives of having an exit meeting with auditors

Answer 4

discuss the findings of an audit and any reccommendations

agree on any possible solutions