Chapter 4: New Clients And Engagements Flashcards
1
Q
Do you need permission from a new client to communicate with their previous account?
A
Yes
2
Q
If a new client does not let you speak to their previous accountant or the previous accountant does not reply (or gives a negative response), can you still accept the client?
A
Yes but take special consideration and would be advisable to document facts, circumstances and justification
3
Q
Do you have to send out an engagement letter to new clients?
A
No, but highly recommend
