General Risk Indicators Instructions: Evaluate and answer the following unanswered questions regarding the risk of retaining...

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General Risk Indicators Instructions: Evaluate and answer the following unanswered questions regarding the risk of retaining EarthWear as an audit client. Click on the yellow boxes and select either "Yes" or "No" from the drop down menu. Are there any concerns about undue reliance being placed on the results of our work? (i.e. sale of the company, financing) Does the client have any associated entities that are not audited or are being audited by firms outside of Willis and Adams? Have any situations been noted that bear on the integrity of management? Is there evidence that the business is financially distressed? Is the client imposing on us any unreasonable scope or timing restrictions? General Risk Indicators Instructions: Evaluate and answer the following unanswered questions regarding the risk of retaining EarthWear as an audit client. Click on the yellow boxes and select either "Yes" or "No" from the drop down menu. Are there any concerns about undue reliance being placed on the results of our work? (i.e. sale of the company, financing) Does the client have any associated entities that are not audited or are being audited by firms outside of Willis and Adams? Have any situations been noted that bear on the integrity of management? Is there evidence that the business is financially distressed? Is the client imposing on us any unreasonable scope or timing restrictions?

Answer rating: 100% (QA)

Are there any concerns about undue reliance being placed on the results of our work i e sale of the company financing ANS WER Yes EX PL AN ATION If the results of our audit are being relied on for a s... View the full answer