How does the Auditor plan for an Audit of Financial Statements?
Planning an audit is one of the most integral parts of the audit. Without a sufficient planning programme on the auditor’s part, there is a significant risk that a material misstatement (or many material misstatements) will be missed. This will lead to the auditor expressing an inaccurate audit opinion, in addition to additional implications. Planning […]
What Terms have to be agreed upon between an Auditor and their Client?
It is crucial to the relationship that the auditor and the client agree on the terms of engagement before beginning their work together. In the absence of such terms, there is no clear understanding of responsibilities, and the absence of clear terms of engagement can generate a lot of issues both during the engagement and […]
