Question

In determining estimates of fees, an auditor may take into account each of the following, except

the:
A. Value of the service to the client.
B. Degree of responsibility assumed by undertaking the engagement.
C. Skills required to perform the service.
D. Attainment of specific findings.

Answer 1

An auditor considers factors like value of the service, degree of responsibility, and skills required to perform the service while estimating fees. Attainment of specific findings is not considered in the estimation.

Step-by-step explanation:

The question is related to fees estimation in auditing. When determining estimates of fees, an auditor takes into account various factors such as the value of the service to the client, the degree of responsibility assumed by undertaking the engagement, and the skills required to perform the service. However, the attainment of specific findings is not considered while estimating fees.