The Forum of Firms Transnational Auditors
Committee (TAC) has issued a best practice paper on client
acceptance and continuance in the auditing sector.

The paper, Client Acceptance and
, is based on the input of 14 global auditing
firms and focuses on
the requirements of ISQC 1 Quality
Control for Firms that Perform Audits and Reviews of Financial
Statements, and Other Assurance, and Related Services

It details how asking more pertinent questions
can enhance quality and discusses related tools firms use to
strengthen the client acceptance and continuance decision-making

The TAC believes the paper will aid audit
firms in developing policies and enhancing the quality of

“Any business wishing to establish quality
relationships with quality clients needs robust processes in
place,” Forum of Firms chair Robert Dohrer said.

“Understanding the best practices in this area
will hopefully contribute to all accounting firms being able to
strengthen their approach and create more mutually beneficial
auditor-client relationships—which ultimately will contribute to
improved public confidence in the industry.”


The paper can be downloaded at here