Question: Why would an auditor be concerned about a potential client
Why would an auditor be concerned about a potential client with an overworked accounting staff? With a potential client that has had multiple turn-over of people in top accounting positions?
Answer to relevant QuestionsWhat circumstances might motivate an audit firm to hire an investigative agency to research a potential client?Global Technologies Corporation (GTC) is a large, international electronics company that’s headquartered and traded in the United States. GTC was founded in 1976, went public in 1983, and has had no known accounting ...Custiss & Branch, CPAs, is considering whether to propose to perform the audit of BF Hemings Enterprises. The company is a large manufacturer of plumbing materials and hardware whose products are sold worldwide. Hemings is ...What is financial statement restatement? Why does the auditor investigate whether a company has restated its financial statements when addressing client acceptance?Identify the most important accounts, management assertions, and risks for each of the following industries:
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