- August 22, 2021 at 9:27 am #632469Noah098Member
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It is 1 July 20X5. You are an audit manager in Woodwind & Co and you are planning the audit of Flute Co, a new audit client for your firm which has a year ended of 30 June 20X5. Flute Co is a large mobile phone company which operates a network of stores in countries across Europe.
You have been provided with planning notes from the audit engagement partner following his meeting with the finance director.
During the year the company introduced a bonus based on sales for its sales team…..You are to undertake a preliminary analytical review of the draft financial statements and have been provided with the following information:….
maam which out of the all information that i have provided above, will you look at the first to confirm that Audit engagement has been ACCEPTED? i know there are bits strewn all over, but i wanted to know that specific one/two things that you’ll look at to confirm that we are not in the “before audit acceptance stage”.August 22, 2021 at 5:17 pm #632563Kim SmithKeymaster
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PLEASE use the notes! https://opentuition.com/acca/aa/acca-audit-assurance-aa-notes
SEE the overview at the beginning of Chapter 7 and 8 – no audit firm is going to waste time (and money!) planning an audit if the firm has not yet been appointed!
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