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  • Auditing-Chap4 Risk Assesment-4

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    Naik
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    The document discusses an auditor's ethical requirements which include integrity, objectivity, competence, confidentiality, independence and professional behavior. It also lists factors an auditor considers when accepting a new client such as the client's integrity, business nature, attitude towards accounting and tendency to limit the audit scope. The auditor may communicate with the predecessor auditor and conduct background searches to evaluate a potential client.

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    The document discusses an auditor's ethical requirements which include integrity, objectivity, competence, confidentiality, independence and professional behavior. It also lists factors an auditor considers when accepting a new client such as the client's integrity, business nature, attitude towards accounting and tendency to limit the audit scope. The auditor may communicate with the predecessor auditor and conduct background searches to evaluate a potential client.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    10 views3 pages

    Auditing-Chap4 Risk Assesment-4

    Uploaded by

    Naik
    The document discusses an auditor's ethical requirements which include integrity, objectivity, competence, confidentiality, independence and professional behavior. It also lists factors an auditor considers when accepting a new client such as the client's integrity, business nature, attitude towards accounting and tendency to limit the audit scope. The auditor may communicate with the predecessor auditor and conduct background searches to evaluate a potential client.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    ● Integrity

    ● Objectivity
    complies with the ● Professional
    relevant ethical competence and due
    requirements; care
    ● Confidentiality
    ● Professional behavior
    ● Independence
    ● The Identity and reputation of owners
    and officers, including related parties.
    ● The nature of the client’s business
    considers client’s
    ● Owner’s and officer’s attitude towards
    integrity, including
    accounting and control
    communicating with
    ● The client’s aggressiveness in maintaining
    predecessor
    the auditor’s fees as low as possible
    auditor.
    ● Indications of an inappropriate limitation
    in the scope of work
    ● Indications of client’s involvement in
    criminal activities
    ● The reasons for proposed appointment
    and non-reappointment of previous firm
    Sources of Information:

    1. Communications
    with other
    accountants
    2. Inquiry of third
    parties

    55/100
    3. Background
    searches of
    relevant database

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