In this lesson, Nick Palazzolo, CPA, discusses the stages of an engagement, including acceptance, planning, testing, conclusion, and issuance of opinion. The focus is on engagement acceptance and terms, which involve determining if a client can be worked with based on factors such as independence. This lesson applies to not only audit engagements but other types of engagements as well. Through the learning objectives, various aspects of the engagement process will be explored and clearly explained.
Lesson: Terms of Engagement, Engagement Acceptance, & Engagement Letter Overview
Instructor: Nick Palazzolo
In this lesson, Nick Palazzolo, CPA, discusses the stages of an engagement, including acceptance, planning, testing, conclusion, and issuance of opinion. The focus is on engagement acceptance and terms, which involve determining if a client can be worked with based on factors such as independence. This lesson applies to not only audit engagements but other types of engagements as well. Through the learning objectives, various aspects of the engagement process will be explored and clearly explained.
Updated: June 22, 2023 Create an account
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Terms of an Engagement
Module:
3 Concepts,
34 Lessons
The Audit Process
5:28
The Audit Committee
0:56
Engagement Letter
4:16
Related Parties
2:23
Audit Workpapers
4:25
Report Release Dates
4:14
