two (2) types of information that will assist the engagement partner
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Explain two (2) types of information that will assist the engagement partner in determining whether the conclusions reached regarding the acceptance and continuance of client relationships and audit engagements are appropriate.
Transcribed Image Text:ISQC 1 requires an audit firm to obtain information considered necessary in the
circumstances before accepting an engagement with a new client, when deciding whether
to continue an existing engagement, and when considering acceptance of a new
engagement with an existing client.
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