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Chapter 3

Professional appointments

Outcome

By the end of this session you should be able to:

 explain the matters to be considered and the procedures that an audit
firm/professional accountant should carry out before accepting a specified new
client/engagement or continuing with an existing engagement, including:

(i) client acceptance

(ii) engagement acceptance

(iii) establish whether the preconditions for an audit are present

(iv) agreeing the terms of engagement.

 recognise the key issues that underlie the agreement of the scope and terms of
an engagement with a client

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 3 of your Study Text

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