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- I - The independent CPA must thoroughly study the internal control system of a new client. You have been contacted by a potential client
The independent CPA must thoroughly study the internal control system of a new client. You have been contacted by a potential client to become their new auditor. The company is a have bected different locations in Maryland, Virginia, and N large restaurant chain, with about different $ millions and bank accounts in the thrth Carolina, with annual revenues of about $ mer their meals and the other half pay with states. A
Required: What factors would you study and evaluate to verify the internal controls of this large client. Explain in detail. Be comprehensive and specific.
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