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The partners of Mayfair CPAs are meeting to discuss the upcoming audit of an ongoing, major audit client. The client has recently replaced some


 

The partners of Mayfair CPAs are meeting to discuss the upcoming audit of an ongoing, major audit client. The client has recently replaced some key executive positions, as due to an economic downturn, demand has slackened and profitability issues are becoming a concern. Based on this information, what would be the audit firms' best course of action?

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