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.

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Definitions:

Realistic Job Previews

Pre-employment informational practices that give potential employees a balanced view of both the positive and negative aspects of a job, enhancing match quality and reducing turnover.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance, attitude, and motivation.

Reduce Turnover

Strategies and practices aimed at decreasing the rate at which employees leave a company, thereby maintaining a stable workforce.

Job Specifications

A detailed description of the qualifications, skills, and experience required to perform a specific job.