"audit engagement" is correct and usable in written English.
It is typically used to refer to the process of a company's financial records being audited by an independent accounting firm. For example, "The company is entering into an audit engagement with an external accounting firm to verify their financial records."
The commission added that audit "engagement teams throughout PW India routinely relinquished control of the delivery and receipt of cash confirmations to their audit clients and rarely, if ever, questioned the integrity of the confirmation responses they received from the clients".
Consequently, we can not anticipate the sign of the relationship between the auditor tenure or length of audit engagement (LAE) and the dependent variable.
But, it is also unclear ex ante what the association is between the knowledge of certified tax consultants and reported corporate effective tax rates during the audit engagement.
Even an audit engagement will give an individual auditor potential occasion to point the client towards alternative tax arrangements or assess tax items that are relevant to the financial accounts.
This setting allows to investigate the pure association of individual auditors that are also certified tax consultants with effective tax rates during the audit engagement when no tax planning services are provided.
Furthermore, with the exception of the length of the audit engagement and the presence of large shareholders, the remaining control variables do not seem to exert a significant influence on the quality of accounting information.
It is plausible, therefore, to estimate that most engagement investigations end up with a sanction, but because penalization is associated with a particular engagement, we cannot infer that audit malpractice can be extended to other client audit engagements within that auditing firm's portfolio (DeFond 2010).
But it does represent a marker: the mood in Europe (reflected elsewhere) that auditors have a crucial function that is being weakened by distractions like consulting, and even by over-long audit engagements.
As stated in prior sections, in Spain, the supervisory system embraces the investigations of specific audit engagements through the review of the working papers and the inspections of the internal quality control systems of the auditing firms.
This study is also limited to the investigations over audit engagements, but additional evidence on the efficacy and effectiveness of the regular inspections that are compelled by the Directive 2006/43/EC would be helpful for the audit industry and policy makers alike.
"Given the traditional view on the distance between professional auditing engagements and marketing, changes in auditors' business environment suggest that the interests of professionalism should create room for other activities such as marketing" (Broberg et al. 2013: 67).
