Case Study

The auditor, Ali at TBI CPA firm, reviewed the financial statements of TAQA Company for the year ending on 12-30-2020. On 1-11-2023, the company informed Ali that TAQA company is will to change the auditor. On 11-5-2023, the company contacted another auditor Fahad at TPN CPA firm and asked him to submit an offer to audit the financial statements for the fiscal year ending on 12-31-2023.

Requirement: 1- What are the procedures related to the auditor, Ali, that the auditor, Fahd, must perform before accepting the audit engagement?

2- What are the additional procedures that the new auditor should consider during the audit planning phase?