Planning Activities (2)

Question 1

AU 210

Answer 1

Terms of Engagement
This Pronouncement addresses the auditor’s responsibilities in agreeing upon the terms of the audit engagement with management

Question 2

A successor auditor should make specific inquiries of the predecessor for what reasons?

Answer 2

Integrity of management, disagreements with management, and the P’s understanding of the reason for the change of auditors.

Question 3

What is the contract between the auditor and client?

Answer 3

Engagement Letter