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Dear All,
It is mentioned in the Lecture Notes that before tendering process, we should communicate the incumbent ‘accountants’ [assuming the auditors for audit firms] of the company. Is that in fact the case for auditors? Referring to Page 20 of the Lecture Notes. If so could anyone please substantiate, give reference.
Thanks in advance.
Regards,
SThe authority is the “Changes in professional appointment” section of standard 210 Professional appointment in the Code of Ethics and Conduct (can be downloaded from ACCA’s www https://www.accaglobal.com/my/en/about-us/regulation/rulebook.html). “accountant” in this context is used as a generic term which in the case of an audit engagement would be “a professional accountant in public practice” i.e. auditor.
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