Which of the Following Factors Most Likely Would Lead a CPA

question 26

Multiple Choice

Which of the following factors most likely would lead a CPA to conclude that a potential audit engagement should be rejected?

• A)The details of most recorded transactions are not available after a specified period of time.
• B)Internal control activities requiring segregation of duties are subject to management override.
• C)It is unlikely that sufficient appropriate evidence is available to support an opinion on the financial statements.
• D)Management has a reputation for consulting with several accounting firms about significant accounting issues.

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Definitions:

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