Which of the following auditor concerns would be least likely to cause the auditor to withdraw from the engagement? O A. The integrity of management is in question. B. Upper level of management appears to have engaged in collusion in an effort to embezzle receipts on account. C. A material error was found in the depreciation calculation for the current period. O D. O The industry in which the client operates is burdened by excessive competition and client management is dominated by an individual who emphasizes the achievement of specific profit margins.
Which of the following auditor concerns would be least likely to cause the auditor to withdraw from the engagement? O A. The integrity of management is in question. B. Upper level of management appears to have engaged in collusion in an effort to embezzle receipts on account. C. A material error was found in the depreciation calculation for the current period. O D. O The industry in which the client operates is burdened by excessive competition and client management is dominated by an individual who emphasizes the achievement of specific profit margins.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Which of the following auditor concerns would be least likely to cause the auditor to withdraw from the engagement?
A. The integrity of management is in question.
Upper level of management appears to have engaged in collusion in an effort to embezzle receipts on account.
C. A material error was found in the depreciation calculation for the current period.
The industry in which the client operates is burdened by excessive competition and client management is dominated
by an individual who emphasizes the achievement of specific profit margins.
O
B.
D.
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