34. a bank loan officer is trying to decide whether the bank should make a loan...
34. a bank loan officer is trying to decide whether the bank should make a loan to a particular company. the interest rate the bank will charge for the company is determined by many factors. which of the following factors is influenced by the auditor's report?
a. the risk-free interest rate risk
b. the business risk for/of the customer
c. information risk
d. all of the above are influenced by the auditor's report
37. In situations in which the CPA or the CPA's assistants are not qualified to perform the audit work, which of the following is not an option the CPA or the CPA firm has?
A. The CPA should suggest someone else or another CPA firm which is qualified to perform the work.
B. The CPA and the CPA's assistants should simply rely more upon the client's representations when performing an audit.
C. The CPA should decline the audit engagement.
D. The CPA and the CPA's assistants have a professional obligation to acquire the required knowledge and skills.
47.Which of the following is not an example of an audit-related fee required to be included in the audit-related fees category related to fees disclosed in the annual proxy statement?
A. reviews of SEC inquiry letter
B. reviews of SEC filings
C. tax avoidance planning services
D. comfort letters
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34. a bank loan officer is trying to decide whether the bank
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work?
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