L4pp_Audit%20planning - AUDIT PLANNING THE PHASES OF AN...

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1 1 AUDIT PLANNING 2 THE PHASES OF AN AUDIT THAT RELATE TO AUDIT PLANNING 3 CLIENT ACCEPTANCE AND CONTINUANCE 4 PROFESSIONAL ETHICS STATEMENT 1.207 CHANGES IN A PROFESSIONAL APPOINTMENT With a prospective client there must be communication between the successor auditor and the predecessor auditor. The successor auditor initiates the communication after authorization from the client. The successor auditor is interested in asking questions related to the integrity of management; disagreements with management over accounting and auditing issues; illegal acts; internal control-related matters; and the predecessor's understanding for the change in auditors.
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2 5 CLIENT ACCEPTANCE AND CONTINUANCE The predecessor auditor should respond fully to the successor s requests. If the responses are limited, the successor auditor must be informed that the responses are limited. If the client does not permit the predecessor, the successor auditor should have serious reservations about accepting the client. 6
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This note was uploaded on 03/21/2011 for the course ACCOUNTING 110 taught by Professor Mcwilliams during the Spring '09 term at San Jose State University .

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L4pp_Audit%20planning - AUDIT PLANNING THE PHASES OF AN...

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