Engagement risk is defined as the risks to the auditor's reputation that comes from being associated with

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Engagement risk is defined as "the risks to the auditor's reputation that comes from being associated with a client firm that goes bankrupt, is found to have misstated previous financial statements, or has any other problems that would reduce the public's confidence in the auditor." Explain the possible manifestations of engagement risk.

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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