Appointments & quality p7 questions
- 2. Appointments Questions and Quality
- 3. RCA
- 4. RCA Question What is the ACCA guidance on what to do when 1 accepting an engagement?
- 6. Do you want this client? Agree terms RCA Send out in Answer Engagement letter www.aCOWtancy.com
- 7. RCA
- 8. RCA Question What if you consider the ethical threats to 2 be insigni鍖cant?
- 10. Accept and set up safeguards Answer RCA www.aCOWtancy.com
- 11. RCA
- 12. RCA Question What else must you consider before 3 accepting?
- 14. Your own competence Answer RCA www.aCOWtancy.com
- 15. RCA
- 16. RCA Question What procedures must you carry out on 4 acceptance?
- 18. Request to contact old auditor RCA Discuss all info with old auditor Answer www.aCOWtancy.com
- 19. RCA
- 20. RCA Question What if you dont get a reply from this etiquette 5 letter?
- 22. Send again by recorded delivery RCA Answer www.aCOWtancy.com
- 23. RCA
- 24. RCA Question What if the old auditor tells you there are 6 outstanding fees?
- 26. It may be ok. Just 鍖nd out why Answer RCA www.aCOWtancy.com
- 27. RCA
- 28. RCA Question What goes into the engagement 7 letter?
- 30. Scope & Objective Responsibilities Practical arrangements RCA Answer Form of communication Fees www.aCOWtancy.com
- 31. RCA
- 34. Issue new letter Answer RCA www.aCOWtancy.com
- 35. RCA
- 36. RCA Question All client info that the auditor has must be 9 returned to the client, unless..?
- 38. Its under a lien Answer RCA www.aCOWtancy.com
- 39. RCA
- 40. RCA Question 10 What is a lien?
- 42. If youre owed fees.. You can retain the records Answer RCA www.aCOWtancy.com
- 43. RCA
- 44. RCA Question 11 What is a general lien?
- 46. You can retain the records Until ALL fees are paid Answer RCA www.aCOWtancy.com
- 47. RCA
- 48. RCA Question 12 What is a particular lien?
- 50. You can retain particular records If work performed and fee agreed Answer RCA www.aCOWtancy.com
- 51. RCA
- 52. RCA Question 13 Why have Quality control?
- 54. Reduce Risk Increase con鍖dence in our 鍖rm Answer RCA www.aCOWtancy.com
- 55. RCA
- 56. RCA Question 14 Give examples of how leaders enhance quality
- 58. Training Meetings / brie鍖ngs Answer RCA www.aCOWtancy.com
- 59. RCA
- 60. RCA Question 15 How does quality effect planning?
- 62. People (trained) Risk focussed work RCA Consult with experts Answer Safeguards for independence www.aCOWtancy.com
- 63. RCA
- 64. RCA Question 16 What is a hot review?
- 66. Review before report issued All listed companies RCA Answer Public interest Risky www.aCOWtancy.com
- 67. RCA
- 68. RCA Question 16 Why have a hot review?
- 70. Quality of judgements eg Independence, risks RCA Treatment of Answer misstatements Conclusions www.aCOWtancy.com
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