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Can someone help explain these situations? Trying to find info from PCAOB/AICPA but did not find any….
Can external auditor:
1) accept internal audit engagement? Under what circumstances can it be done/what are the prerequisites to engage in that task?
2) Do Audit,Reports and Compilations in the same year for the same client? Under what circumstances can it be done/what are the prerequisites to engage in that task?
I believe #1 seems like a “NO” but just want to make sure I am not missing the footnote that is written somewhere in the AU-C.
Thanks.
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