Читать книгу Wiley Practitioner's Guide to GAAS 2020 - Joanne M. Flood - Страница 47

The engagement partner must be satisfied that appropriate procedures regarding acceptance and continuance of clients have been performed and that appropriate conclusions were reached. (AU-C 220.14)

Policies and procedures should provide reasonable assurance that the firm will not be associated with clients whose management lacks integrity. A firm should:

 Undertake only engagements that can be completed with professional competence,

 Consider the client’s integrity,

 Ensure that ethical requirements can be met, and

 Evaluate significant issues during current or previous audits and their implications for continuance.

(AU-C 220.A7)

If information comes to the engagement partner’s attention that would have caused the firm to decline the engagement, the partner should share that information with the firm so that the partner can take action. (AU-C 220.15)