Page 214 - AAA Integrated Workbook STUDENT S18-J19
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Chapter 13 4
Acceptance considerations
In order to express a conclusion on the interim financial information the assurance
provider will require a good understanding of the company.
The external auditor is likely to have the greatest understanding of the entity
therefore would be best placed to provide this service. Therefore if the company
approaches a different firm to provide this service the firm should consider reasons
for this.
The engagement is likely to be a recurring engagement. Therefore the engagement
fees will need to be considered when assessing fee dependency.
The acceptance matters covered in Chapter 6 should also be considered.
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