Requirements for PART I Do you see any potential areas of risk that the partners in the
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Requirements for PART I
- Do you see any potential areas of risk that the partners in the Briarwood City office should consider regarding RCC? In your response, consider business risk to JKN, en- gagement risk, and audit risk. Hint: Your textbook and Bell et al. (2002, Table 1) should be helpful resources to answer this question.
- Based on the information regarding the Briarwood City office of JKN and the history of the auditor-client relationship with RCC, can you identify any potential auditor independence issues related to this client? In your response, consider SOX, Sections 301 and 407, NASDAQ rules, and any AICPA guidance that you believe is relevant.
Issues in Accounting Education, November 2006
Decision Making in a Public Accounting Firm 439
3. Review JKN's client acceptance and continuance policies. Do you believe there are any potential client continuance issues with RCC? Address both positive and negative char- acteristics of this client in your response.
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