Why does a recent or upcoming IPO create more risk
Why does a recent or upcoming IPO create more risk for the auditor? Which audit firms seem best positioned to accept the risk? Which audit firms likely have the greatest expertise with that type of client? What would be the ultimate outcome if the most qualified audit firms turn down companies with IPOs because they do not want the risk, and the companies must use audit firms with less experience and expertise? How does this scenario fit in with protecting the public interest?

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