Auditors must not only decide whether to accept new clients; they also should periodically review their list of current clients and remove those clients the firm no longer wants to be associated with. Reasons for discontinuing clients might include the following, except:Difficulty in working with client personnel.Inability to negotiate an acceptable increase in the audit fee.Evidence indicating a client’s management has integrity.Client need for specialized services the current firm is unable or unwilling to provide.None of the above.

Auditors has a right to take all working papers and ask relevant question from the personnel working…

Answered: uditors must not only decide whether to…

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter14: Activities Required In Completing A Quality Audit

Section: Chapter Questions

Problem 57RSCQ

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Auditors must not only decide whether to accept new clients; they also should periodically review their list of current clients and remove those clients the firm no longer wants to be associated with. Reasons for discontinuing clients might include the following, except:

Difficulty in working with client personnel.
Inability to negotiate an acceptable increase in the audit fee.
Evidence indicating a client’s management has integrity.
Client need for specialized services the current firm is unable or unwilling to provide.
None of the above.

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