Suppose that an audit client objects to a given auditor because of his or her gender or race. Identify the alternative courses of action the auditor’s employer should consider taking in such a case. Which of these alternatives do you believe the accounting firm should take? Defend your answer.
Answer to relevant QuestionsThe nepotism rules of many professional firms pose a major inconvenience for married couples who work for, or would like to work for, those firms. Discuss the costs and benefits of these rules in a public accounting setting. ...When assessing audit risk, should auditors consider the type and number of third parties that may ultimately rely on the client’s financial statements? Should auditors insist that audit engagement letters identify the ...How should Julius respond to the matter involving Elizabeth? Identify the key factors that he should consider in deciding how to proceed.Why do you believe that major accounting firms have become more accepting of intra-office dating over the years? Do you believe that shift in policy is appropriate? Why or why not?What type of professional services was PwC providing to the TFG? What professional standards apply to such engagements?
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