(a) Describe the value to the audit client of the audit firm providing consultancy services. (b) Why...
Question:
(b) Why is it undesirable for audit firms to provide consultancy services to audit clients?
(c) Why do audit firms want to continue to provide consultancy services to audit clients?
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a An audit firm can provide significant help to the audit client through consultancy work The audit firm will know the audit client from the audit so this will reduce the learning time when carrying o...View the full answer
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Related Book For 
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
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