November 12

Limitations of audit, scope of audit, timeline and deliverables, fees and billing, timing and deadlines, budget. It is legally binding.

1) made up.

1) Not necessarily, but it can be affected. 2) Not necessarily, but it can be affected. (To have both less hours and less experience working on a job IS something that could affect the quality of an audit.)

I do agree that accounting firms do not have to consult with their clients the nature and scope of their audits, but if they are asked they should have to inform the clients. Additionally, if there are recent changes to the nature and scope of their audits, this should be something a client is made aware of, in case there might be questions.