Discussion
With respect to the steps before commencement of audit, which of the following statement is incorrect
Answer: D
The incorrect statement is that the auditor must not ascertain the reasons why the previous auditor was changed. In fact, before accepting an audit the auditor should find out why the previous auditor was replaced, and should communicate with him as the professional code requires. The other statements are right: the auditor must examine the terms of his appointment, study the memorandum and articles of association to know the powers of the company and its management, and obtain the list of the books of account and records kept.
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