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You have been approached by Lakeside Company to be their auditor. They have fired the previous audit firm and are now looking for a new
- You have been approached by Lakeside Company to be their auditor. They have fired the previous audit firm and are now looking for a new firm. Please answer the following questions concerning this potential engagement.
- What are the issues to consider in making this decision?
- Based on your answer in a) above; What is the most important consideration for your firm in making this decision? Why?
- What are the risks that Lakeside, the potential client, faces in engaging your firm as auditor? Why?
- What part does the previous Audit firm play in your decision? Why?
- If this was a real world situation and not a case study simulation; would you engage Lakeside as a client? Why
- What are the issues to consider in making this decision?
- Based on your answer in a) above; What is the most important consideration for your firm in making this decision? Why?
- What are the risks that Lakeside, the potential client, faces in engaging your firm as auditor? Why?
- What part does the previous Audit firm play in your decision? Why?
- If this was a real world situation and not a case study simulation; would you engage Lakeside as a client? Why
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Rajan Datar, Srikant M. Datar
16th Edition
9352860195, 978-9352860197
