Question: 20. In preparing for a repeat engagement, the first thing an audit team should do is: A. Interview client management for any changes in the


20. In preparing for a repeat engagement, the first thing an audit team should do is: A. Interview client management for any changes in the business and industry. B. Take a tour of a client's physical facilities noting obvious inventory obsolescence or equipment maintenance issues. C. Obtain a copy of the yearend financial statements for the current year. D. Reviewing prior year working papers and permanent file documents
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
