Pre conditions new client

Question 1

ISA 210

Answer 1

ISA 210 Agreeing the Terms of Audit Engagements states that

auditors should only accept a new audit engagement when it has been confirmed that the preconditions for an audit are present.

Question 2

Preparation of the financial statements

Answer 2

in accordance with the applicable financial reporting framework, including where relevant their fair presentation;

Question 3

internal control

Answer 3

internal control as management determines is necessary to enable the preparation of financial statements to be free from material misstatements

Question 4

Access

Answer 4

access to all relevant information for the preparation of the financial statements,
any additional information which the auditor may request from management and unrestricted access to personnel

whom the auditor determines it necessary to obtain audit evidence.