Read Client-Acceptance Decisions: Simultaneous Effects of Client Business Risk, Audit Risk, Auditor Business Risk, and Risk Adaptation by Johnstone.
  https://www.questia.com/library/.../client-acceptance-decisions-simultaneous-effects

Then discuss the importance of performing a background check on the senior management team and board of directors of a potential audit client: Does the accounting staff have adequate credentials? Does anyone on the management team have a criminal record?

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Required solution he importance of performing a background check on the senior management team and board of directors of a potential audit client are manifold Lets discuss one by one Ongoing Risk Mana... View the full answer