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Instead of a role on the audit committee, assume the role of a partner in a...

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Accounting

Instead of a role on the audit committee, assume therole of a partner in a public accounting firm that is consideringwhether or not to propose on a company that recently issues anRFP.

Required:

(a) List the steps the auditing firm shouldtake when deciding whether or not to propose to a potential clientcompany.

(b) List the important considerations of thefirm concerning its staff, industry expertise, and potentialengagement profitability.

(c) What should the auditor investigate aboutthe company?

Answer & Explanation Solved by verified expert
4.5 Ratings (813 Votes)
a List the steps the auditing firm should take when deciding whether or not to propose to a potential client company First step would be to determine if we want that client Secind would be do we have resources to audit effectively    See Answer
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