What are the Preconditions of accepting/continuing any Audit engagement ?

Preconditions of acceptance/continuing of any Audit engagement: The auditor, in order to establish whether the preconditions for accepting professional assignment are present, the auditor should check that: (a) Whether the reporting framework as required in the preparation, performance of audit, review of the secretarial/ non-financial statements is acceptable; and (b) Whether the management is in agreement to acknowledge and understands its responsibility relating to: Preparation of the secretarial/non-financial statements in accordance with the applicable reporting framework, including their fair presentation; Development of internal control/systems/procedure to enable the preparation of secretarial/non-financial statements which are free from material misstatement, whether due to fraud or error; and Providing: Access to all information of which management is aware that is relevant to the preparation/audit/review etc. of the secretarial/non-financial statements such as records, documentation and other matters; Additional information that the auditor may request from management for the relevant purpose; and Unrestricted access to persons within the company from whom the auditor determines it necessary to obtain audit evidence.