Economics · Audit Acceptance Procedures
Arrange the following client acceptance and appointment procedures in the correct chronological order from start to finish: 1. Ensure that the existing auditor's resignation has been properly conducted. 2. Communicate with the client's existing auditors. 3. Submit a formal engagement letter to the client's management. 4. Perform client screening procedures, including an assessment of the client's risk profile.
- 11, 2, 3, 4
- 22, 4, 1, 3
- 34, 1, 2, 3
- 44, 2, 1, 3✓
Correct answer
4, 2, 1, 3
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