Multiple Choice
Which of the following is a positive factor influencing client acceptance and retention with respect to special circumstances and unusual risks?
A) There are minimal regulatory reporting requirements.
B) There are significant regulatory reporting requirements with close monitoring by regulators.
C) The client voices significant concerns about the scope of audit work.
D) The client is experiencing profitability issues, weak cash flows, and is close to violation of debt covenants.
Correct Answer:
Verified
Correct Answer:
Verified
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