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How does an auditor decide which clients to accept

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Reference no: EM132863304

Question -

As an auditor, there is always a concern surrounding misstatements.

Evaluate the following thought "Only misstatements that surpass the materiality threshold should be of concern."

What are the main differences between Type I and Type II subsequent events? How is each addressed by the auditor as they try to complete the audit?

How does an auditor decide which clients to accept? Are there any red flags that would indicate that a client would not be desirable to pursue?

Reference no: EM132863304

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