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22 min

22 min. Cable Co, Inc client acceptance part two. putnam rhodes & schaeffer. client acceptance. Independence - memo to partners and staff all partners managers in the engagement office staff assigned to CableCo must consider spouses & dependents.

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22 min

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  1. 22 min Cable Co, Inc client acceptance part two

  2. putnam rhodes & schaeffer

  3. client acceptance Independence - memo to partners and staff all partners managers in the engagement office staff assigned to CableCo must consider spouses & dependents

  4. communication with predecessor auditorrequired by GAAS • integrity of management • Fraud, illegal acts • Internal control related matters • disagreements about accounting principles or auditing procedures • reason for the change in auditors

  5. communication with predecessor auditorrecently expanded • specifies the work papers the predecessor is supposed to give the successor access to

  6. the proposal looks like three people have written it what can you learn from this about group papers at school ?

  7. they won’t send her over here to babysit a bunch of young auditors I’ll be teaching a whole bunch of new auditors ..

  8. I have a small staff and we have lots of things to do …… and the audit is just one of them

  9. RISK RISK RISK Steve said the auditors will need copies of the new convertible bonds all the debt agreements what do you need from us? special reports for creditors separate financials on a system basis any other new users

  10. RISK RISK RISK are there any acquisitions in the works how do you pay for the acquisitions? …… the rebuilding cash unsecured line of credit

  11. who might sue us ? here comes the judge here comes the judge

  12. Arnie Lucas what is Arnie’s pride and joy ?

  13. unsecured line of credit

  14. flattery Steve to Arnie How do you can keep up with everything around here .. you don’t have a very large staff

  15. find common experiences debt covenant waivers contract warranties

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