Is it appropriate for audit firms to sharply discount their professional fees for developmental stage companies? Why

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Is it appropriate for audit firms to sharply discount their professional fees for developmental stage companies? Why or why not? What problems, if any, may this practice pose for audit firms?

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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Question Posted: Oct 02, 2014 07:35 AM

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Is it appropriate for audit firms to sharply discount their professional fees for developmental stage companies? Why

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Professional auditing standards do not address this issue Rulemaking bodies in the auditing discipli...View the full answer

Contemporary Auditing

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