You have been proposed as auditor of a company. What is the first step that you should take?
AObtain the client’s permission to communicate with the existing auditor
BObtain a copy of the existing auditor’s letter of engagement
CObtain the existing auditor’s working papers
DObtain a copy of the company’s most recent board minutes
Correct answer
A. Obtain the client’s permission to communicate with the existing auditor
Explanation
Obtain the client’s permission to communicate with the existing auditor is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.