CTHIn ForceLegislation
ASA 220 - Quality Control for an Audit of a Financial Report and Other Historical Financial Information - October 2009
Acceptance and Continuance of Client RelAcceptance and Continuance of Client Relationships and Audit Engagements
Start here
Get a plain-English read of Acceptance and Continuance of Client Rel
Turn the raw legal text into a practical explanation grounded in ASA 220 - Quality Control for an Audit of a Financial Report and Other Historical Financial Information - October 2009.
Acceptance and Continuance of Client Relationships and Audit Engagements
- The engagement partner shall be satisfied that appropriate procedures regarding the acceptance and continuance of client relationships and audit engagements have been followed, and shall determine that conclusions reached in this regard are appropriate. (Ref: Para. A9‑A10)
- If the engagement partner obtains information that would have caused the firm to decline the audit engagement had that information been available earlier, the engagement partner shall communicate that information promptly to the firm, so that the firm and the engagement partner can take the necessary action. (Ref: Para. A10)