Before accepting an engagement to audit a
new client, a CPA is required to obtain
a. An understanding of the prospective
client’s industry and business.
b. The prospective client’s signature to the
engagement letter.
c. A preliminary understanding of the
prospective client’s control environment.
d. The prospective client’s consent to
make inquiries of the predecessor
auditor, if any.
new client, a CPA is required to obtain
a. An understanding of the prospective
client’s industry and business.
b. The prospective client’s signature to the
engagement letter.
c. A preliminary understanding of the
prospective client’s control environment.
d. The prospective client’s consent to
make inquiries of the predecessor
auditor, if any.