The Carter Wright Corporation entered into a consulting contract with Andersen Consulting to outsource Carter Wright's information
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The Carter Wright Corporation entered into a consulting contract with Andersen Consulting to outsource Carter Wright's information processing to Andersen. The $3.5 million, multi-year contract would include the cost of computer upgrades to IBM workstations and of Microsoft Windows-dedicated software designed by Andersen.
One year ago, Andersen Consulting received an ISO 9000 quality-control report from the McKinsey Group.
Required: You are the engagement partner for Carter Wright's financial statement audit. Carter Wright's board of directors has asked that you explain the value added to Carter Wright by your firm's audit. Discuss.
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