For each scenario, identify possible audit engagement acceptance/continuance risk(s)(A?F).Audit engagement acceptance/continuance risk(s):A. Firm?s ability to audit client

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For each scenario, identify possible audit engagement acceptance/continuance risk(s)(A?F).Audit engagement acceptance/continuance risk(s):A. Firm?s ability to audit client (scope limitation)B. Firm?s reputation riskC. Non-compliance with ethical standardsD. Additional duty of care/increased legal exposureE. Auditor?s lack of sufficient expertise in relation to the industryF. Integrity of management

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Auditing The Art and Science of Assurance Engagements

ISBN: 978-0134613116

14th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

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