Auditors must not only decide whether to accept new clients; they also should periodically review their list of current clients and remove those clients the firm no longer wants to be associated with. Reasons for discontinuing clients might include the following, except:Difficulty in working with client personnel.Inability to negotiate an acceptable increase in the audit fee.Evidence indicating a client’s management has integrity.Client need for specialized services the current firm is unable or unwilling to provide.None of the above.

Auditors has a right to take all working papers and ask relevant question from the personnel working…

Answered: uditors must not only decide whether to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Auditors must not only decide whether to accept new clients; they also should periodically review their list of current clients and remove those clients the firm no longer wants to be associated with. Reasons for discontinuing clients might include the following, except:

Difficulty in working with client personnel.
Inability to negotiate an acceptable increase in the audit fee.
Evidence indicating a client’s management has integrity.
Client need for specialized services the current firm is unable or unwilling to provide.
None of the above.

Expert Solution