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Georgia and Chloe are the senior partners in a mid-size audit firm. They have both acted as the lead audit partner at different times with
Georgia and Chloe are the senior partners in a mid-size audit firm. They have both acted as the lead audit partner at different times with a long-standing audit client, Willow Industries Ltd. The new CEO of Willow has requested a meeting with Georgia and Chloe to discuss issues with the firms work, including the length of time the audit team are on the Willow premises completing the audit work and the size of the audit fee charged in the past two years. Required What concerns should Georgia and Chloe have about the requested meeting? Explain.
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