• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

matters to consider prior to accepting an audit

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › matters to consider prior to accepting an audit

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by Kim Smith.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • November 2, 2020 at 5:22 pm #593875
    antsam31
    Member
    • Topics: 34
    • Replies: 7
    • ☆

    Dear Kim,

    I am going through a question re the matters which should be considered prior to accepting an audit. would the following point be considered relevant for such an answer;
    1. conduct CDD
    2. verify whether the entity change auditors frequently and whether it has any qualified reports
    3. management should provide access to all the entity documentation
    4. management responsibilities should be clearly explained

    thank you

    Ant

    November 3, 2020 at 7:02 am #593899
    Kim Smith
    Keymaster
    • Topics: 132
    • Replies: 8273
    • ☆☆☆☆☆

    You could make an “ideas” list from the notes on page 20 – which obviously you would have to tailor to any specific scenario:
    – ethical (in particular independence) requirements
    – practical e.g. resources
    – regulatory e.g. AML (includes CDD/KYC)
    – professional e.g. communication with present auditor
    – preconditions for the audit (covers your last 2 points)

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.
Log In

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • hhys on PM Chapter 4 Questions Environmental Management Accounting
  • singhjyoti on Conceptual Framework – ACCA SBR lecture
  • John Moffat on Time Series Analysis – ACCA Management Accounting (MA)
  • azubair on Time Series Analysis – ACCA Management Accounting (MA)
  • Gowri7 on Relevant cash flows for DCF Working capital (examples 2 and 3) – ACCA Financial Management (FM)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in