Problem

Which of the following conditions most likely would pose the greatest risk in accepting a...

Which of the following conditions most likely would pose the greatest risk in accepting a new audit engagement?

a. Staff will need to be rescheduled to cover this new client.

b. There will be a client-imposed scope limitation.

c. The firm will have to hire a specialist in one audit area.

d. The client’s financial reporting system has been in place for 10 years

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