Question: Time Remaining 5 5 minutes 4 7 seconds 0 0 : 5 5 : 4 7 Item 4 Time Remaining 5 5 minutes 4 7
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Prior to accepting a new audit engagement, a public accounting firm should:
Multiple Choice
Attempt to contact the predecessor auditors.
Evaluate the integrity of management.
Assess the firms resources to ensure that they are sufficient to permit the firm to accept the engagement.
All of the choices are correct.
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