CPAs budget time required to perform specific audits. Sometimes budgeted hours are exceeded in order to complete

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CPAs budget time required to perform specific audits. Sometimes budgeted hours are exceeded in order to complete an audit.

1. What factors might cause a CPA to exceed the time budget on an audit?

2. Are the hours in excess of the budget charged to the client at the usual billing rate, or should they be absorbed by the CPA?

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Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice

ISBN: 9780070099999

5th Edition

Authors: Mcgraw-Hill

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Question Posted: May 08, 2024 01:00 PM

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CPAs budget time required to perform specific audits. Sometimes budgeted hours are exceeded in order to complete

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What factors might cause a CPA to exceed the time budget on an audit Several factors can contribute to exceeding the budgeted time for an audit Comple...View the full answer

Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice

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