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Professional appointments
Matters to consider before accepting an
engagement or client
1.1 Matters to consider
An audit firm should only take on clients and work of an appropriate level of risk.
The following matters should be considered before accepting a new engagement or
client.
Professional Independence Management
clearance & objectivity integrity
Preconditions Money
for an audit laundering
Acceptance
considerations
Reputation of
Resources
the client
Professional
Fees Risks
competence
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