S&W LLP is a mid-size, national audit firm with 55 offices in 40 states around the U.S.
Question:
First International Bank is a large, multi-national bank that operates in 40 countries on 4 continents. First International Bank is the fifth largest bank in the world and engages in many specialized services besides banking like complex derivative offerings, mortgage-backed securities offerings, and reinsurance.
Required:
a. List the characteristics of S&W’s current structure and future plans that make First International Bank a desired audit client?
b. What characteristics of S&W make First International Bank an undesirable audit client for the firm?
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Related Book For
Auditing and Assurance Services Understanding the Integrated Audit
ISBN: 978-0471726340
1st edition
Authors: Karen L. Hooks
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