TAD & Associates, a sole proprietor firm of Agamya, is offered appointment as auditor of a company engaged in manufacturing of automobile…
CA Intermediate · Auditing and Ethics · MTP · January 2025
TAD & Associates, a sole proprietor firm of Agamya, is offered appointment as auditor of a company engaged in manufacturing of automobile components for the first time. She is checking the facts about the integrity of promoters of the company and key managerial persons. Matters such as the competence of staff to perform the engagement are also considered by her. The appointment is subsequently accepted by her. What is CA Agamya trying to do by checking such facts?
Suggested Answer and Working Notes:
Correct Answer: Option (B)
CA Agamya is conducting preliminary engagement activities.
Topics: Audit Strategy, Audit Planning and Audit Programme, Ethics and Terms of Audit Engagements
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