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Discuss several reasons why an auditor maynotwish to continue a relationship with an existing audit client.
helpmeplease1
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Discuss several reasons why an auditor maynotwish to continue a relationship with an existing audit client.
Discuss several reasons why an auditor may
not
wish to continue a relationship with an existing audit client.
Textbook
Auditing and Assurance Services
Edition:
17
th
Authors:
Arens, Elder, Beasley, Hogan
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There are a number of reasons an auditor may choose not to continue a relationship with an existing client. Examples include:
1.
previous conflicts over the appropriate scope of the audit, the type of opinion to issue, unpaid fees, or other matters
2.
management integrity may be deemed to be insufficient
3.
legal action initiated by either the auditor or client related to prior audit services
4.
the presence of excessive risk which could result in financial failure of the client or lawsuits against the audit firm
1
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helpmeplease1
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I appreciate what you did here, answered it right
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