Which of the Following Is a Negative Factor Influencing Client

question 31

Multiple Choice

Which of the following is a negative factor influencing client acceptance and retention with respect to competence issues?

• A)The audit firm does not have the affiliation with specialists to meet client needs.
• B)The client has a weak accounting system with few internal controls.
• C)The audit firm has conflict of interest issues that cannot be resolved prior to client acceptance.
• D)There are significant regulatory reporting requirements with close monitoring by regulators.

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Definitions:

Recommend Contest

Suggesting a competition whereby participants are invited to endorse or propose something or someone for recognition or a prize.

Sentiment Analysis

The use of natural language processing techniques to extract and quantify emotional subtleties in textual data.

Monitoring

The process of systematically observing or tracking operations or activities over time to ensure they are proceeding according to plan.

Social Networks

Platforms that enable users to create and share content or to participate in social networking and virtual community building.