Before Accepting an Engagement to Audit a New Client
Audit firms might consider reviewing their staff structure over time to ensure the firm has access to resources with appropriate experience and expertise for audits involving increasingly complex client businesses financial reporting and other requirements audit judgements and audit approaches. ACCA Paper F8 INT Audit and assurance Essential text. Client Evaluation And Planning The Audit Lecture Slide Chapter 8 Along with Deloitte KPMG and PricewaterhouseCoopers it is considered one of the Big Four accounting firmsIt primarily provides assurance which includes financial audit tax. . Prior to the acceptance of an audit engagement with a client who has terminated the services of the predecessor auditor the CPA should. Prepare a memorandum setting forth the staffing requirements and documenting the preliminary audit plan. The applicable requirements of independence are largely predicated on four basic principles. The degree o...
