While thinking about auditing the State of Maine's financial statements, you were thinking about the elements of client acceptance. Before accepting an engagement to audit a new client, an auditor is required to: Multiple Choice discuss the management representation letter with the prospective client's audit committee. obtain the prospective client's signature to the engagement letter. prepare a memorandum setting forth the staffing requirements and documenting the preliminary audit plan. make inquiries of the predecessor auditor after obtaining the consent of the prospective client