The module Preliminary engagement activities covers the acceptance and continuance procedures for both new or continuing audit engagements.
This includes the satisfaction of fundamental ethical requirements, quality control procedures and independence assessments. Where auditors complete all SMSF audits for an accounting firm, this provides additional variables to consider.
The module provides auditors with a detailed understanding of the key considerations that form part or the acceptance of an audit engagement.
On completing this module, you should be able to:
- describe the preliminary audit engagement activities
- explain the audit engagement process
- apply the acceptance and continuance procedures
- explain the requirements and objectives of the audit engagement letter.