What is the purpose of an engagement letter? What subjects should be covered in such a letter? Who is considered the client when auditing public companies? Explain why auditors need an understanding of the client’s industry. What information sources are commonly used by auditors to learn about the client’s industry?
What are the benefits derived from planning audits? What are the responsibilities of the successor and predecessor auditors when a company is changing auditors? What is the purpose of an engagement letter? What subjects should be covered in such a letter? Who is considered the client when auditing public companies? Explain why auditors need an […]