in the case you will Went companion to the contingen for at det One of the most portant wings they beng very care out which comes they come with its in the first that is referred to as the client acope decision nach wentyrar och Wether to continue the action with each in Thessendoosion proceed to the continue on The factors that for consider for the continuancesionare a very sro these come to the acceptance de son INSTRUCTIONS: Read the background information on Wear to prepare to the companys contingut went to open the background document please click on the towing content wit open in Micro Word Earth pound Review EartWear's naudited 2016 Financial statements including recebe income Street and "Cash Flow worksheets to obtain a better understanding of the client and to assess its current financial condition. A senior audio from your firm has already calculated some financial and industry as to help with the continuance decision Compare EarthWear's ration to the industry to provided on the "Satin worksheet Pay particular attention to me that might be helpful in determine whether or not to continue with EarthWear as an audit cont. Review the Wills and Adams cient acceptance continuance forms or Papers 21.32.3.3 and 34, which have already been completed Complete the remaining questions on Wors Paper 3-5 using information from the background and financial statement information Evaluate and answer the following unanswered questions regarding the risk of retang EatWear as an audit client. If you selected Yes on any of the questions to the le provide an ention Work Paper 3-5 EARTHWER GLOVERS Chain CoE Dec 2016 General Risk Indicators Yes or No Explar Are they concerns abundance en placed on thesis of our WOK ( Sale of the company financing Ne Does the chant have any associated entut we need or web Ne audited by forms outside of Wills and Adams Cakesed Have anythons been noted that bear on the integrity of manage CS he Is the evidence that the bestand is the che imposing on syntes pertingen? is the cheat's nuty or business charactered by Sonicare com product of the come (Examples of such mode development or startup stage high industry an industry wisho product lives of products of unknown or outcome Another any pending on locations or the become which could adversely impact the reputation of the Has the indstingan prosed Consboot cordo con auditing procedures were comparing properacioning records, tax or regulatory Are there any este conditions or trends that may have contacto enth changes in buyers change prow.com you more than ES the stano capaces 3.132.31 and masyon Cancione e manuten wie Perkematon ton. De boundwa w the Foo unawed Questions ging omong Eras you need Yes on any of the store an expert Wo Pacers ERRERO Goto December Generators Test Anbotengene w comparar Como hacer en by Win Adam Explanation How to be noted that bear on integrity and there evidence that the financial de is the signs nyeste scope og the chant's try or business chanced by sgiant C product of other cock of such cute down or startups High industry and they products or products of unknown or doubt commercial Are they ending forcement mother wet the comme which could every pact the by or reputation of the Has the information gathering process the concestou con accounting police auditing procedures comparting Drop accounting records of regulators Are there any idoral conditions or trends that may have a cantato the chant such as changes in to changes como No COS Are there any internal conditions or trends that may com such managementarnowoccounting information Are there any others concerning out of the information ang pro What is the overall risk assessment of the client? High LOW Bretly explain your overal risk assessment of the chest Nethernet tons of brands that may rame concern och as novor or now accounting woman stoms? (Chek to sood) Click to select) Are there any other concerns areng out of the information gathering process What is the overall risk assessment of the client? ight Olow Briefly explain your overall risk assessment of the client? Based on the information gathered, and the above evaluation of engagement continuation risk, recommend whether or not to have Willis and Adams continue to provide service to this client Select either "Retain" or "Dismiss below: Dismiss Retain References Worksheet Learning Objective: 03- Leaming Objective 03-07 Know the steps that 01 Understand the are performed in planning an audit auditor's requirements engagement for client acceptance and continuance Difficulty: 2 Medium Learning Objective: 03- 02 Understand the steps that are involved in the preliminary engagement activities in the case you will Went companion to the contingen for at det One of the most portant wings they beng very care out which comes they come with its in the first that is referred to as the client acope decision nach wentyrar och Wether to continue the action with each in Thessendoosion proceed to the continue on The factors that for consider for the continuancesionare a very sro these come to the acceptance de son INSTRUCTIONS: Read the background information on Wear to prepare to the companys contingut went to open the background document please click on the towing content wit open in Micro Word Earth pound Review EartWear's naudited 2016 Financial statements including recebe income Street and "Cash Flow worksheets to obtain a better understanding of the client and to assess its current financial condition. A senior audio from your firm has already calculated some financial and industry as to help with the continuance decision Compare EarthWear's ration to the industry to provided on the "Satin worksheet Pay particular attention to me that might be helpful in determine whether or not to continue with EarthWear as an audit cont. Review the Wills and Adams cient acceptance continuance forms or Papers 21.32.3.3 and 34, which have already been completed Complete the remaining questions on Wors Paper 3-5 using information from the background and financial statement information Evaluate and answer the following unanswered questions regarding the risk of retang EatWear as an audit client. If you selected Yes on any of the questions to the le provide an ention Work Paper 3-5 EARTHWER GLOVERS Chain CoE Dec 2016 General Risk Indicators Yes or No Explar Are they concerns abundance en placed on thesis of our WOK ( Sale of the company financing Ne Does the chant have any associated entut we need or web Ne audited by forms outside of Wills and Adams Cakesed Have anythons been noted that bear on the integrity of manage CS he Is the evidence that the bestand is the che imposing on syntes pertingen? is the cheat's nuty or business charactered by Sonicare com product of the come (Examples of such mode development or startup stage high industry an industry wisho product lives of products of unknown or outcome Another any pending on locations or the become which could adversely impact the reputation of the Has the indstingan prosed Consboot cordo con auditing procedures were comparing properacioning records, tax or regulatory Are there any este conditions or trends that may have contacto enth changes in buyers change prow.com you more than ES the stano capaces 3.132.31 and masyon Cancione e manuten wie Perkematon ton. De boundwa w the Foo unawed Questions ging omong Eras you need Yes on any of the store an expert Wo Pacers ERRERO Goto December Generators Test Anbotengene w comparar Como hacer en by Win Adam Explanation How to be noted that bear on integrity and there evidence that the financial de is the signs nyeste scope og the chant's try or business chanced by sgiant C product of other cock of such cute down or startups High industry and they products or products of unknown or doubt commercial Are they ending forcement mother wet the comme which could every pact the by or reputation of the Has the information gathering process the concestou con accounting police auditing procedures comparting Drop accounting records of regulators Are there any idoral conditions or trends that may have a cantato the chant such as changes in to changes como No COS Are there any internal conditions or trends that may com such managementarnowoccounting information Are there any others concerning out of the information ang pro What is the overall risk assessment of the client? High LOW Bretly explain your overal risk assessment of the chest Nethernet tons of brands that may rame concern och as novor or now accounting woman stoms? (Chek to sood) Click to select) Are there any other concerns areng out of the information gathering process What is the overall risk assessment of the client? ight Olow Briefly explain your overall risk assessment of the client? Based on the information gathered, and the above evaluation of engagement continuation risk, recommend whether or not to have Willis and Adams continue to provide service to this client Select either "Retain" or "Dismiss below: Dismiss Retain References Worksheet Learning Objective: 03- Leaming Objective 03-07 Know the steps that 01 Understand the are performed in planning an audit auditor's requirements engagement for client acceptance and continuance Difficulty: 2 Medium Learning Objective: 03- 02 Understand the steps that are involved in the preliminary engagement activities
