First Year Audit Client and Auditors Responsibilities, management homework help
Discussion 2.1: First Year Audit ClientD. Jackson, CPA,audited Washington Company's financial statements for the year ended December31, 2007. On November 1, 2008, Washington notified Jackson that it was changingauditors and that Jackson's services were being terminated. On November 5,2008, Washington invited Lincoln, CPA, to make a proposal for an engagement toaudit its financial statements for the year ended December 31, 2008.Whatprocedures concerning Jackson should Lincoln perform before accepting theengagement? 2 paragraphs2 referencesDiscussion 2.2: Auditor ResponsibilitiesWhat are the independent auditor's responsibilities to detectand report errors and frauds? 2 paragraphs2 references
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