Parker is the incharge auditor with administrative responsibilities for the upcoming annual audit of FGH Company, a continuing audit client. Parker will supervise two assistants on the engagement and will visit the client before the fieldwork begins. Parker has started the planning process by listing procedures to be performed prior to the beginning of fieldwork. The list includes
1. Reviewing correspondence and permanent files.
2. Reviewing prior years' audit documentation, financial statements, and auditor's reports.
3. Discussing matters that may affect the examination with the CPA firm personnel responsible for providing audit and non audit services to the client.
4. Discussing with management current business developments affecting the client.
Required:
Complete Parker's list of procedures to be performed before the beginning of fieldwork.