Ruby, a partner in a small but busy audit firm, was approached to perform an audit for
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Question:
Required:
1. identify and briefly explain at least 4 issues present in the scenario above that should be considered by ruby to satisfy proper client acceptance requirements before accepting the request to perform the audit of gbox ltd. at least 2 issues should relate to client specific matters and at least 2 issues should relate to auditor specific matters.
2. briefly explain what rubys responsibilities are towards the existing auditors if she decides she would like to proceed further with client acceptance.
3. explain why Ruby is required to issue an engagement letter if she decides to accept the engagement and identify at least 3 key matters that should be included in this document.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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