Defensive Auditing Includes All of the Following Except

question 58

Multiple Choice

Defensive auditing includes all of the following except

• A)clarifying the nature of the arrangement through the use of a written engagement letter.
• B)knowing when your client is about to fire your firm before hand.
• C)carefully selecting which clients to accept and retain.
• D)evaluation of a firm's capacity to adequately perform services for a specific client.

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Definitions:

Public Company Accounting Oversight Board

An independent oversight body established by Congress to regulate the audits of public companies in order to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports.

Accounting Firms

Professional services organizations specializing in accounting, audit, tax, and advisory services for individuals and businesses.