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4. Engagement Economics: Refer to the budget put in place for the Oceanview Marine Company audit, compared to the expected fees for the audit. a.
4. Engagement Economics: Refer to the budget put in place for the Oceanview Marine Company audit, compared to the expected fees for the audit. a. What is the expected profit margin for the first year of the Oceanview Marine Company Audit? b. Why might an audit firm "bid" on a client with fees yielding a profit that is lower than what they would ideally want for that client? What are some factors that might mitigate this in future years
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