Question: 39) What should a PA do if approached by a client where he and his firm lack or do not have the technical knowledge required

39) What should a PA do if approached by a client where he and his firm lack or do not have the technical knowledge required to complete the audit? A) Decline the new audit engagement B) Subcontract the audit to another firm C) Conduct the engagement, but prepare a qualified audit report D) Indicate that they can do a review engagement, not an audit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
