【多选题】The following scenario relates to questions 82 - 86 Your audit firm Cal & Co has just gained a new audit , Tirrol Co, in a tender in which Cal & Co offered competitively low audit fees. You are ...
A.
We should budget for the extra time required to document an understanding of the entity, its environment and its systems, and to verify material opening balances.
B.
Given the tight reporting deadline, a combined approach should be adopted on the audit, relying on tests of controls wherever possible.
C.
We must agree a clear timetable with the for the testing of the computerized inventory systems, setting out availability of access to the system, files and personnel required to complete testing.
D.
As this is our first year of audit, we should agree separate fees with the for any additional audit procedures required. If the refuses, we should consider withdrawing from the audit as Cal & Co would be deemed to be lowballing.
【单选题】As well as providing some much-needed stress relief, play can end up being, counterintuitively, very productive. We can make interesting, new connections between ideas when we allow ourselves to loose...