a) You are the partner of an audit fim and ABC Co Ltd (ABC) has approached...
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a) You are the partner of an audit fim and ABC Co Ltd (ABC) has approached your firm to request for audit services. What factors will you consider before accepting ABC as your audit client? (6 marks) b) Just before you make your decision, a newspaper article reported that ABC senior management received illegal bribes and are under investigation of Independent Commission Against Corruption, which you were not aware of. Will you accept ABC as your audit client? Explain your reason. (2 marks) a) You are the partner of an audit fim and ABC Co Ltd (ABC) has approached your firm to request for audit services. What factors will you consider before accepting ABC as your audit client? (6 marks) b) Just before you make your decision, a newspaper article reported that ABC senior management received illegal bribes and are under investigation of Independent Commission Against Corruption, which you were not aware of. Will you accept ABC as your audit client? Explain your reason. (2 marks)
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Answer Explanation a Auditor investigate following factors before selecting the ... View the full answer
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Posted Date:
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