You have been proposed as auditor of a company. What is the first step that you

MCQ Practice

You have been proposed as auditor of a company. What is the first step that you should take?

Subject: AuditingTopic: Auditing

Obtain the client’s permission to communicate with the existing auditor

Obtain the existing auditor’s working papers

Obtain a copy of the company’s most recent board minutes

Obtain a copy of the existing auditor’s letter of engagement

Correct Answer: A