Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 3, Problem 3.26P

a.

To determine

Introduction: Prior to accepting any audit engagement, an auditor shall make certain enquiries from the predecessor auditor. Predecessor auditor is the one who conducts the audit of the client prior to the current engagement.

To obtain: The information from predecessor auditor prior to accepting the engagement.

b.

To determine

Introduction: Audit procedures are required for determining valuations at which assets and liabilities are to be recorded in client’s books of accounts.

To state: Audit procedures for evaluating acceptance of client.

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