Before Accepting an Engagement to Audit a New Client, an Auditor

question 52

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 to 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.

Recognize and compute cumulative and relative frequency distributions.

Calculate the relative frequency of a class.

Conceptualize cumulative percent frequency distributions.

Distinguish between different types of data (categorical vs quantitative).