Question: Before accepting an engagement to audit a new client, a CPA is required to obtain a. An understanding of the prospective clients industry and business.

Before accepting an engagement to audit a new client, a CPA is required to obtain

a. An understanding of the prospective client’s industry and business.

b. The prospective client’s signature to the engagement letter.

c. A preliminary understanding of the prospective client’s control environment.

d. The prospective client’s consent to make inquiries of the predecessor auditor, if any.

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