Multiple Choice
Before accepting an engagement to audit a new client, an auditor is required to:
A) make inquiries of the predecessor auditor after obtaining the consent of the prospective client.
B) obtain the prospective client's signature on the engagement letter.
C) prepare a memorandum setting forth the staffing requirements and documenting the preliminary audit plan.
D) discuss the management representation letter with the prospective client's audit committee.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Significant unexpected differences identified by analytical procedures
Q12: Prior to the acceptance of an audit
Q12: In applying analytical procedures, the identification of
Q13: Inquiry of the previous auditor is:<br>A) required
Q16: Because of the risk of material misstatement,
Q19: An auditor compares this year's revenues and
Q20: An auditor who accepts an audit engagement
Q30: An auditor searching for related-party transactions should
Q33: An audit program should be designed for
Q44: One reason why the independent auditor performs