Economic changes can affect how clients select their assurance providers. Required a. In times of economic recession,

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Economic changes can affect how clients select their assurance providers.

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a. In times of economic recession, would you expect the demand for audits to increase or decrease?

b. Would you expect clients to shift from large (Big 4) auditors to mid-tier auditors, or from mid-tier auditors to Big 4 auditors in times of economic recession? Why or why not?

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Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Dec 30, 2019 06:01 AM

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Economic changes can affect how clients select their assurance providers. Required a. In times of economic recession,

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a Financial statement audits are mandatory for public companies so overall demand is largely fixed o...View the full answer

Auditing A Practical Approach with Data Analytics

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