What should a PA do if approached by a client where he and his firm lack or do not have access to the technical knowledge required to complete the audit?
A)subcontract the audit to another firm
B)indicate that they can do a review engagement,not an audit
C)decline the new audit engagement
D)conduct the engagement,but prepare a qualified audit report

Question

Quizplus · Accepted Answer

A PA should decline the audit engagement if they lack the necessary technical knowledge, as conducting an audit without the required expertise could compromise the quality and integrity of the audit.

What Should a PA Do If Approached by a Client