Video: The Client Acceptance Process

In this lesson, the client acceptance process is discussed, including the importance of choosing the right auditor and clients, respective roles of shareholders, board of directors, and audit committee, and the responsibilities of internal and external auditors. The lesson also explores the significance of inquiry of the predecessor auditor, the internal audit function, and the use of external specialists when necessary. Furthermore, the lesson delves into the responsibilities of the audit committee in maintaining the control environment, selecting and appointing auditors, and overseeing the audit process.