What guidance exists in the professional standards literature regarding client acceptance and continuance?
Answer to relevant QuestionsWhat is a request for proposal? Is a formal RFP always used? What information is included in an RFP?In what way would management misrepresenting a company’s performance in public speeches be a problem to an auditor?When a benchmark approach is used to set materiality at the financial statement level, why are different benchmarks used for different types of entities, or companies in different entities? Why is the audit planning memo an important part of audit documentation?Who can perform work that may be of value to the independent auditor?
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