When considering whether to accept an engagement, the auditor should consider the implications for accepting the engagement if:
A) management welcomes visits to all locations that the auditor considers material.
B) management does not restrict contacts with customers.
C) the auditor is not engaged after year-end.
D) the predecessor auditor's workpapers are not available for review.
E) management does not restrict contacts with suppliers.

Question

Quizplus · Accepted Answer

The availability of the predecessor auditor's workpapers is crucial for the incoming auditor to understand the financial history and any issues encountered in previous audits. Lack of access to these documents could hinder the auditor's ability to perform a thorough and accurate audit, thus it's a significant consideration when deciding whether to accept an engagement.

When Considering Whether to Accept an Engagement, the Auditor Should