Question
For a CPA firm considering the acceptance of new clients, which of the following characteristics would be a deterrent? A. The prospective client is long
For a CPA firm considering the acceptance of new clients, which of the following characteristics would be a deterrent?
A. The prospective client is long established but has shown little growth in recent years.
B. The prospective client is a defendant in an antitrust suit brought by the U.S. Department of Justice.
C. The prospective client is in a new much-publicized industry offering the possibility of rapid growth but is under financed and possibly on the brink of bankruptcy.
D. The prospective client is in the same line of business as two present clients and is in direct competition with one of them.
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