Assignment title: Information


Aftr a bitter disagreement with their External Auditor Kelptos fired their external auditor and is looking for a new Exernal Audit firmMr Chad Cheatem has asked for a memo on whether or not to accept the Kleptos engagement. In that Memo make and support a decision on the acceptance/rejection of the job-as part of the support: List and discuss what one need to consider before accepting the Kleptos Audit engagement. Show the audit risk model and use it to estimate and evaluate the audit risk of the Kleptos Audit engagement. If your firm's Audit Risk tolerane is 0.15 would one accept the audit? Explain Discuss what changes Kelptos should implement to make their Charity more auditable.