Question: Client acceptance policies and procedures generally include obtaining and reviewing financlal information from prospective clients. Required: Your firm is considering accepting Apple Inc, as a

Client acceptance policies and procedures generally include obtaining and reviewing financlal

Client acceptance policies and procedures generally include obtaining and reviewing financlal information from prospective clients. Required: Your firm is considering accepting Apple Inc, as a new audit cllent. You are heiping to perform client acceptance procedures by revlewing prior financial information. Go to the sec.gov website and search for Apple Inc:'s most recent 10-K flling. Read through the Item 1, Business, and item 1A, Risk Factors, sectione. What characteristics are red flogs for potential problems? What characteristics Would make Apple a desirable client

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