Revision question on acceptance of audit engagement NBAA May 2019

You are a partner in Kurwa and Doto Associates, a firm of Certified Public Accountants. You have just been nominated for the audit of Nassir & Nizar Ltd. a catering Company in Tanzania. The Company and its officers are not known to the firm. The Company has just been incorporated and hence have never been audited before. You are considering whether to accept the nomination.

REQUIRED:

Discuss why is it important for auditors to carry out some procedures before accepting such nomination for appointments.

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