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Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
Edition 9ISBN: 978-0130459206 Exercise 18
Assume that your firm is considering accepting NewSkin Pharma as a new audit client. NewSkin is a start-up biotech firm that has publicly traded stock on NASDAQ. Your audit partner has asked you to perform some preliminary work for the firm's client acceptance process.
Required:
a. Prepare a list of business risks that NewSkin likely will face as a start-up biotech firm.
b. Choose two of these risks and consider how they might affect your decision to accept NewSkin as a client.
Required:
a. Prepare a list of business risks that NewSkin likely will face as a start-up biotech firm.
b. Choose two of these risks and consider how they might affect your decision to accept NewSkin as a client.
Explanation
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Business Risks
Business risks are the u...
Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder
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