Advanced Audit and Assurance

TQ3) Spencer PLC has had its accounts audited by BBR & Co, a firm of chartered certified accountants, for the last 2 years. The Company is engaged in manufacturing, mining and the construction of machinery. For the current year's audit, as in the previous years, BBR & Co has engaged 2 senior managers, Lionel and Anthony and 3 assistants. In the current year, Spencer has established a new company Diane PLC, to manufacture motor vehicle bodies. Spencer wants BBR & Co to audit the books of this new company. However. the firm does not possess the necessary knowledge in this area. Required: Discuss the quality measures that the audit managers should consider before starting the audit of Spencer