A municipality requires auditors to submit bids of their charges for the annual audit. The audit contract

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A municipality requires auditors to submit bids of their charges for the annual audit. The audit contract is awarded to the lowest bidder. What could be wrong with this method of engaging auditors?

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

Question Posted: Oct 25, 2014 05:11 AM

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A municipality requires auditors to submit bids of their charges for the annual audit. The audit contract

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Since the auditor is rendering a professional service audit contracts ideally should not b...View the full answer

Governmental and Nonprofit Accounting

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