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madam what is the difference between preliminary engagement activities and and preconditions for audit Video Details P5 Auditing and Code of Ethics (New) Audit Strategy, Audit Planning and Audit Programme (New) 4. Key Requirements of the Standard - I
Answers (7)
Preconditions- these are the terms which auditor consider before accepting the engagement. If they are not present, then auditor doesn’t accept the engagement. Preliminary activities are after acceptance. In the early stage of planning the audit, these are considered.
Pradnya Bajaj Faculty
Preconditions- these are the terms which auditor consider before accepting the engagement. If they are not present, then auditor doesn’t accept the engagement. Preliminary activities are after acceptance. In the early stage of planning the audit, these are considered.
Mam, Then what I said was right. Right ?