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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.
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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