Audit účetní závěrky nového klienta

The theme of this diploma thesis is audit of financial statements of a new client. The objective is to provide an overview of auditing standards, procedures and areas that specifically address the audit of the new client, from client’s acceptance to the audit of financial statements. The first part focuses on the requirements and regulation of audit at the European and Czech level. The following section explains audit requirements for accepting a new client. Further chapters focus on the specifics of audit procedures related to initial audit engagement, planning of the respective procedures and their impact on auditor's report and opinion. The practical part is addressed in the form of a questionnaire, which reflects all the factors that auditor is required to take into consideration before concluding whether to accept or reject the prospective audit client.