Evaluating a Prospective Client Requires Which of the Following Steps

question 65

Multiple Choice

Evaluating a prospective client requires which of the following steps?

• A)Communicate with the SEC.
• B)Preplan the audit.
• C)Determine if the firm is independent of the client.
• D)Communicate with the AICPA.

---

Definitions:

Save Bank

A strategy or plan to conserve financial resources or prevent financial collapse.

Laying Anyone Off

The process of terminating employees due to business reasons such as cost-cutting, downsizing, or restructuring, rather than individual performance issues.

Facilitate Style

An approach or method in leadership or management that emphasizes enabling and supporting participants or team members to achieve their goals.

Subordinate Empowerment

The process of delegating power and responsibility to lower-level employees, enhancing their role in decision-making and problem-solving.