Client acceptance policies and procedures generally include obtaining and reviewing financial information from prospective clients. Required: Your firm is considering accepting Apple Inc. as a new audit client. You are helping to perform client acceptance procedures by reviewing prior financial information. Go to the sec.gov website and search for Apple Inc.'s most recent 10-K filing. Read through the Item 1, Business, and Item 1A, Risk Factors, sections. What characteristics are red flags for potential problems? What characteristics would make Apple a desirable client?

Answer rating: 100% (QA)

we have referred this formation from SEC filings of Apple Inc The Company is committed to bringing the best user experience to its customers through its innovative hardware software and services The C... View the full answer