Before Accepting an Engagement to Audit a New Client
Prepare a memorandum setting forth the staffing requirements and documenting the. Relevant to ACCA Qualification Paper P7 The syllabus for Paper P7 Advanced Audit and Assurance includes Professional Appointments syllabus reference C4The learning outcomes include the explanation of matters that should be considered and procedures that should be followed by a firm before accepting a new client a new engagement for an existing client. 1 An understanding of the prospective clients industry and business. . This spreadsheet includes key points to consider before accepting an engagement with a. Before accepting an engagement to audit a new client a CPA is required to obtain. Discuss the factors an auditor should consider before accepting a company as an audit client. Prepare a memorandum setting forth the staffing requirements and documenting the preliminary audit plan. Before accepting an engagement to audit a new client an audi
