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Before accepting an engagement to audit a new client, a CPA is required to obtain: Multiple Choice an assessment of fraud risk factors likely to
Before accepting an engagement to audit a new client, a CPA is required to obtain:
Multiple Choice
an assessment of fraud risk factors likely to cause material misstatements.
an understanding of the prospective client's industry and business.
the prospective client's signature to a written engagement letter.
the prospective client's consent to make inquiries of the predecessor, if any.
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