Audit procedure

1) You won’t find president referred to in ACCA exams – but the nearest equivalent would be CEO – i.e. the most senior executive.
2) This is assumed knowledge of LW (F4) – the board of directors will put forward an ordinary resolution who to appoint (or reappoint) and the members must approve (50% majority).
3) Enquiry/Inquiry as an audit procedures means “seeking information of knowledgeable persons, both financial and non-financial, within the entity or outside the entity”.
4) See s.2 of Chapter 7 – it would be a pointless exercise to screen a client after acceptance.
5) They go “hand in hand” – but you have to understand the entity and its environment (including internal control) before you can come up with the audit plans.
6) Lots of factors – from documentation of the accounting systems and internal controls there should be clear pointers of whether controls appear to exist to meet control objectives, if there is an internal audit function (will usually indicate strength), previous audits (to what extent were you able to rely on controls last year?), have weakness previously identified been remedied? etc, etc.

You’re very welcome – but please note that I am more likely to be quicker in answering individual questions on separate posts than lots of different questions on one post. (The latter is not so easy from a smart phone – so you will be waiting for me to be working from a desktop.)