Auditing

Well, thanks for trusting me. Unfortunately, I cannot lead the audit because of such familiar relationship. If I lead the audit, this could affect my audit independence, which can reduce the audit quality. I believe that your banker will not trust such audited financial report if she knows such fact. But I can help to introduce another auditor, Ann, who can help you regarding the audit.
Hi, Jack. Your sister Sophie passed your information to me, and I would like to discuss the financial report audit issues of our company. I expect you to lead the audit, Is that Ok?
Yeah, Based on Corporations Act and AASB Standards, we will be responsible for preparing a true and fair financial report for users' decision making, especially this time, the banker required us to have the financial report to be audited
Thank you for trusting us. Before we engage in the audit, do you know your company's responsibility for preparing financial statement?
Sure, I will discuss with our audit committee regarding this audit, and then let you know. XYZ is a good accounting firm though, I can try this. They have an experienced Auditor, who is my brother.
We had a problem, the Bank would require us to have our financial report to be audited. But we never did this before. Could you please handle this audit arrangement?