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2.5 pts Sunny Day CPAs are beginning the audit of Wyoming Enterprises, Inc., a large and diversified provider of financial and investment advising services
2.5 pts Sunny Day CPAs are beginning the audit of Wyoming Enterprises, Inc., a large and diversified provider of financial and investment advising services across the Midwestern United States. It has been noted by the external auditors that Wyoming Enterprises maintains a defined benefit plan for its employees. The partners of SunnyDay CPAs are attempting to determine if they have the necessary expertise to audit accounts related to retirement obligations. If the partners determine that they do not have the necessary in-house expertise, they will most likely consider withdrawing from the engagement and finding a suitable, qualified replacement auditor, per generally accepted auditing standards O advise the client's senior management that they will disclaim an opinion on those accounts, whereas all other accounts subject to audit will receive an unmodified opinion O consider hiring the services of a specialist who is proficient in the necessary calculations and techniques to render an opinion on the propriety of the balances O consider hiring the services of a specialist as recommended by client management who is proficient in this area and is qualified to perform all necessary calculations and conduct all necessary procedures Previous
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