Which of the following conditions most likely would pose the greatest risk in accepting a new audit

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Which of the following conditions most likely would pose the greatest risk in accepting a new audit engagement?

a. Staff will need to be rescheduled to cover this new client.

b. There will be a client- imposed scope limitation.

c. The firm will have to hire a specialist in one audit area.

d. The client’s financial reporting system has been in place for 10 years.

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Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

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Question Posted: Oct 27, 2014 05:31 AM

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Which of the following conditions most likely would pose the greatest risk in accepting a new audit

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a Incorrect This is not a major risk In fact it is quite common for audit staff members to have to ...View the full answer

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