In Assessing Whether to Accept a Client for an Audit

question 44

Multiple Choice

In assessing whether to accept a client for an audit engagement, a CPA should consider:

• A)the current financial health of the prospective client.
• B)the integrity of management.
• C)the CPA's overall engagement risk.
• D)All of these choices are correct.

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Definitions:

Islamic Legal System

A legal framework based on Islamic principles and jurisprudence, which governs various aspects of life including personal, social, and financial matters.

Koran

The central religious text of Islam, which Muslims believe to be a revelation from God.

Tariff

A tax levied on imported goods.

Imported Goods

Products brought into one country from another for the purpose of sale or trade.