Explain how the acceptance of large, high-risk audit clients for relatively high audit fees may threaten an

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Explain how the acceptance of large, high-risk audit clients for relatively high audit fees may threaten an audit firm’s de facto and perceived independence. Under what circumstances should such prospective clients be avoided?

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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Question Posted: Oct 02, 2014 07:32 AM

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Explain how the acceptance of large, high-risk audit clients for relatively high audit fees may threaten an

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The professional judgment of auditors may be compromised when their firm is overly dependent on one or a few large clients Auditors even those at the ...View the full answer

Contemporary Auditing

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