AUDITORIA FINANCIERA II

PRESENTADO POR
KAROL NATALY GUINEA RODRIGUEZ
ID 100114661

CORPORACION UNIVERSITARIA IBEROAMERICANA

BOGOTA DC, 2023
1- The client acceptance process can be quite complex. Identify five procedures
an auditor should perform in determining whether to accept a client. Which of
these five are required by auditinf standards?

As an auditor making the decision to accept a client or not is of utmost

importance as this could affect the firm, so it should be taken into account
that:
a- The code of ethics followed by the company must be consistent with
that of the auditor, this will help the development of the audit is
based on key values.
b- Any conflict of interest between the company and the auditor must
be avoided at all costs, as well as any type of relationship outside the
work.
c- It should be stated how the audit is going to be carried out and what
is needed to do it, as well as being clear about the time frame to be
managed.
d- If possible, talk to the person who was previously in the auditor's
position to find out information about the client.
e- View current and historical information on the company's
relationship with government and financial entities.

2- Using Ocean´s financial information, calculate relevant preliminary analytical

procedures to obtain a better understanding of the prospective client and to
determine how Ocean is doing financially. Compare Ocean´s ratios to the
industry ratios provided. Identify any major differences