If a Company Refuses Permission to Contact Its Previous Audit

question 79

Multiple Choice

If a company refuses permission to contact its previous audit firm, what should the new auditor do?

• A)Consider the implications of that refusal when deciding whether to accept the engagement.
• B)Contact potential third parties to gain information about the client firm.
• C)Review newspaper and magazine articles about the client.
• D)Do a background check on the CEO of the company.

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Definitions:

Anicca

In Zen Buddhism, the recognition that all things are temporary and, therefore, it is best to avoid attachments to them.

Anatta

Anatta is a Buddhist concept meaning "not-self," which asserts the absence of a permanent, unchanging soul or self in living beings, highlighting the idea of impermanence and interconnectedness.

Nirvana

The ultimate goal in Buddhism, representing a state of enlightenment and liberation from the continuous cycle of birth, death, and rebirth.

Existentialism

The approach to philosophy that focuses on conscious experience (phenomenology), free will, the meaning of life, and other basic questions of existence.