Which of the following is a negative factor influencing client acceptance and retention with respect to...
Which of the following is a negative factor influencing client acceptance and retention with respect to competence issues?
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A. The audit firm does not have the affiliation with specialists to meet client needs. |
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B. The client has a weak accounting system with few internal controls. |
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C. The audit firm has conflict of interest issues that cannot be resolved prior to client acceptance. |
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D. There are significant regulatory reporting requirements with close monitoring by regulators. |
Homework Answers
| The audit firm does not have the affiliation with specialists to meet client needs is a negative factor influencing client acceptance and retention with respect to competence issues. |
| Competence issues include the firm does not have the required expertise to provide services required or does not have the affiliation with specialists to meet client needs. |
| Option A is correct |
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