Syllabus B1. Obtaining, Accepting And Continuing Audit Engagements 1 / 7

a) Discuss the requirements of professional ethics and ISAs in relation to the acceptance / continuance of audit engagements.
b) Explain the preconditions for an audit.

c) Explain the process by which an auditor obtains an audit engagement. 

d) Discuss the importance of engagement letters and their contents. 

e) Explain the overall objectives and importance of quality management procedures in conducting an audit.[2]

f) Explain the quality management procedures which should be in place over engagement resources, engagement performance, monitoring and remediation and compliance with ethical requirements.[2]

g) Evaluate quality management deficiencies and provide recommendations to allow compliance with quality management requirements. [2]
Obtaining, Accepting And Continuing Audit Engagements