Week 2 - Engagement Flashcards
(4 cards)
1
Q
What does engagement risk ensure?
A
We don’t just take on any client
2
Q
What is the first thing we need to ask before engaging with a client?
A
Whether the preconditions for an audit are present
3
Q
What is the second thing we need to ask before engaging with a client?
A
Whether or not we can take on the work from an ethical, legal and practical perspective
4
Q
What is engagement risk?
A
The risk that you engage with a client that you shouldn’t have
