Auditing · Lesson 9 of 13

Engagement Acceptance, the Terms of the Engagement, and Audit Planning (PSA 210, PSA 300)

Test the two preconditions for an audit before accepting it, refuse an engagement whose scope management has already limited into a disclaimer, put the agreed terms in an engagement letter that need not be reissued every year, refuse a change to a lower level of assurance that has no reasonable justification, and build the overall audit strategy before the detailed audit plan.

18 min read · Super Ea