Week 2 - Engagement

Question 1

Why do the two preconditions need to be met?

Answer 1

To reduce engagement risk

Question 2

What is engagement risk?

Answer 2

Engaging with a client that you shouldn’t engage with

Question 3

A number of practical issues have to be considered, but underlying this are two points:

Answer 3

1. whether the preconditions for an audit are present
2. whether or not we can take on the work from an ethical, legal and practical perspective