Question: Aimee, an audit partner at P&L CPAs, is determining whether to accept a new client, Dino Refrigeration (Dino). Dino has been audited in the past,
Aimee, an audit partner at P&L CPAs, is determining whether to accept a new client, Dino Refrigeration (Dino). Dino has been audited in the past, but is looking for a new auditor. As part of the client acceptance process, Aimee is determining whether Dino's management has high integrity. Which one of the following activities could Aimee perform to BEST satisfy herself of management's integrity? Question 3 options: a) Communicate with the prior auditor about whether there is any reason for P&L not to accept the engagement. b) Ask Dino's management about its reputation and how co-operative it has been with auditors in the past. c) Talk to lower-level employees at Dino about how management treats them. d) Ask management to sign a letter indicating that it will act with integrity at all times
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
