Additional Work

Question 1

Additional work

Answer 1

Here are the smart notes with clear headings:

Potential Threats

1. Lack of or incomplete information
2. Unclear or conflicting instructions
3. Unresolved issues with existing accountant

Safeguards to Address Threats

1. Contact existing/predecessor accountant
2. Request information from existing/predecessor accountant
3. Inquire about potential conflicts or disagreements
4. Obtain information from third parties or background investigations

Best Practices for Chartered Accountants

1. Clarify scope, terms, and conditions
2. Verify accuracy of information
3. Document all communications
4. Consider seeking independent advice