Essay
Recent accounting scandals suggest the need for care on the part of an independent auditor in accepting new clients.The independent auditor needs to know both the business of and the personnel employed by a prospective client.All other control procedures are fruitless if a CPA chooses to serve an undesirable client.The damage suffered as a result of associating with an undesirable client can be irreparable.
Discuss some key issues an independent auditor should consider in the client acceptance decision.
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