Question: Locate and read the article listed below and answer the following questions. Johnstone, K. 2000. Client-Acceptance Decisions: Simultaneous Effects of Client Business Risk, Audit Risk,

Locate and read the article listed below and answer the following questions.

Johnstone, K. 2000. Client-Acceptance Decisions: Simultaneous Effects of Client Business Risk, Audit Risk, Auditor Business Risk, and Risk Adaptation. Auditing: A Journal of Practice & Theory. 19 (1): 1—25.

a. What is the issue being addressed in the paper?

b. What are the findings of the paper?

c. Why is this paper important to auditors, and what are the implications of this paper for the auditing profession?

d. Describe the research methodology used as a basis for the conclusions.

e. Describe any limitations of the research.

Step by Step Solution

★★★★★

3.40 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a The issue being addressed is how client acceptance decisions are made by audit partners Auditors evaluate the business risk and audit risk of a potential audit client when making the clientacceptanc... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

330-B-A-A-B-R (1146).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Locate and read the article listed below and answer the following questions: Almer, E. D., M. Lightbody, L. E. Single, and B. Vigilante. 2011. New Leadership Tracks in Accounting Firms: An...

Locate and read the article listed below and answer the following questions. Mustafa, S.T., and N.B. Youssef. 2010. Audit committee financial expertise and misappropriation of assets. Managerial...

Locate and read the article listed below and answer the following questions: Archambeault, D., F.T. DeZoort, and T. Holt, T. 2008. The Need for an Internal Auditor Report to External Stakeholders to...

Academic research addresses the conceptual issues outlined in this chapter. To help you consider the linkage between academic research and the practice of auditing, read the following research...

Read Client-Acceptance Decisions: Simultaneous Effects of Client Business Risk, Audit Risk, Auditor Business Risk, and Risk Adaptation by Johnstone....

case study form Q3 to Q6 please case forensic4 Q ISSUES IN ACCOUNTING EDUCATION Vol. 29. No. 1 2014 pp. 271-25 American Accounting Asciation DOI: 10.230/ace-50597 The Madoff Debacle: What are the...

UNITED GRAIN GROWERS: ENTERPRISE RISK MANAGEMENT AND WEATHER RISK Scott Harrington Greg Niehaus ABSTRACT In August of 1999, Mike McAndless, the risk manager of United Grain Growers (UGG), was...

Review case 4.1 Enron Corporation and Andersen, LLP . Complete the following Required questions related to this case, 1-5, in approximately 75 to 90 words. QUESTIONS TO BE ANSWERED: Review case 4.1...

Based on the advance reading about the CVS Corporation (CVS), answer the following questions. Where indicted, your answers should be specific to the facts in the CVS and not speak in generalities. I...

Recall from Chapter 2 that the file Supermarket Transactions.xlsx contains over 14,000 transactions made by supermarket customers over a period of approximately two years. For this problem, consider...

A proud legislator claims that your state's new law banning texting and hand-held phones while driving reduced occurrences of infractions to less than 10% of all drivers. While on a long drive home...

Question 1 0 A 6 percent bond has a yleld to meturity of 6 . 5 percere, The bond mutures in 7 yevis, has a face value of 5 1 , 0 0 0 , and pinn semianinual interest pabmenes, What is the amourt of...

What types of protections are included within victims' rights?

A client has a computerized credit approval process that incorporates various factors, such as: Previous credit history with the company Current credit rating obtained online from Dun & Bradstreet ...

The following is a list of controls typically implemented in the processing of sales transactions: Required a. For each control identified, briefly indicate the financial misstatement that could...

Jason Co. accepts VISA and MasterCard for any sales transaction exceeding $50.The company has not yet implemented online recording of the credit card transaction, but does have a toll-free number to...

One Engineering Firm enjoys 40% success rate in getting state government construction contracts. This month they have submitted bids on eight construction projects to be funded by the state...

Which of the following is NOT true regarding unsettled funds: A , Borrowings are determined based upon settled funds. B , The timeframe by which payment ( settlment ) is due or received for a given...

Burton Manufacturing. Jason Stedman is the director of finance for Burton Manufacturing, a U.S.-based manufacturer of handheld computer systems for inventory management. Burton's system combines a...