ACCA AAA ^UK Syllabus D. Audit of Historical Financial Information - Initial Engagements - Notes ^{6 / 9}

Things to Consider:

1. Previous audit qualified?

   If so, ensure that the matter was resolved

2. Any audit adjustments in previous year?

   Ensure made in the client’s accounting system as well as the final accounts

3. Were the accounts audited last year?

   Carry out some work to ensure happy with the opening position

By consulting with management and reviewing the systems in place the auditor may not have to carry out substantive procedures, but if these are unsatisfactory then substantive procedures may be required