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2014 decmber question 4 requirement (a)…
Explain the specific matters to be included in the audit proposal..
Contents of audit proposal
1)fees and basis of fees
2)responsibility of auditor
3)Outline of the firm
4)client expectations.
I understand all point of this answer written by acca examiner. But I can’t understand the last two point
” quality control and ethics ” and
” additional non audit and assurance services ”
I want to know under which proposal content above two point belong.The scenario mentions that this will be the company’s first audit that funding was raised from a VC co – so we don’t have to assume that the prospective client knows all about QC and ethics – so it is appropriate to mention in the tender.
In the last para of the scenario it states “I am willing to pay more for services that I consider more beneficial to the business, such as strategic advice”. The last para of the answer draws on the matters raised by BJ’s comments.
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