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In performing an audit,Jackson,CPA,discovers that the professional competence necessary for the engagement is lacking.Jackson informs management of the situation and recommends another local CPA firm and management engages this other firm.Under these circumstances
Core Competency
Fundamental strength or advantage of an organization or individual that is central to its identity and competitiveness, often reflected in unique skills, technologies, or resources.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.
Technological Advancement
The development and application of innovative tools, machines, materials, or processes that improve efficiency and productivity.
Outsourcing
Contracting out work that was formerly done by employees.
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