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Planning

4.1 Leadership

The engagement partner takes overall responsibility for the overall quality of the
engagement and shall ensure:

 Compliance with ethical requirements during the engagement.

 Appropriate acceptance and continuance procedures have been performed.

 The engagement team and auditor's experts used have the appropriate
competence and capabilities.

 Reviews have been performed in accordance with the firm’s review policies.

 Sufficient appropriate evidence has been obtained to support the audit
conclusion through a review of the documentation and discussion with the audit
team.

 Appropriate consultation on difficult or contentious matters has been
undertaken.

4.2 Relevant ethical requirements

The firm should ensure compliance with the requirements of the ACCA Code of
Ethics covered in Chapter 3.

4.3 Acceptance and continuance of client relationships

The firm should ensure only clients and work of an acceptable level of risk are
accepted. This requires consideration of:

 Integrity of management.

 Competence of the engagement team.

 Compliance with ethical requirements.

 Significant matters that have arisen during the current or previous audit
engagement and their implications for continuing the relationship.

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