Which of the Following Factors Most Likely Would Cause a CPA

question 63

Multiple Choice

Which of the following factors most likely would cause a CPA to not accept a new audit engagement?

• A) The prospective client has fired its prior auditor.
• B) The CPA lacks a thorough understanding of the prospective client's operations and industry.
• C) The CPA is unable to review the predecessor auditor's working papers due to a major fire that destroyed both hard and soft copy documentation.
• D) The prospective client is unwilling to make financial records available to the CPA.

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Definitions:

First Baby

The experience or event of having a child for the first time, which marks a significant transition in life and identity for parents.

Roller Coaster

A high-speed rail amusement ride with sharp turns, steep slopes, and sometimes loops, evoking excitement and fear.

Emotions

Complex psychological states that involve physiological responses, subjective feelings, and behavioral expressions.

Divorce Rate

The statistical measure of divorces that occur in a particular population during a specified period.