If a Prospective New Audit Client Does Not Allow the Auditor

question 14

Multiple Choice

If a prospective new audit client does not allow the auditor to contact its existing auditor,

• A) the auditor should contact the existing auditor anyway because it is the duty.
• B) the auditor should refuse to take on the prospective new client.
• C) the existing auditor should contact the new auditor to tell them all about the client.
• D) the auditor should respect the prospective client's right to privacy.

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Definitions:

Capitalist Society

A socio-economic system characterized by private ownership of the means of production and the creation of goods or services for profit.

Critique

An analysis or evaluation of a subject, work, or performance, often highlighting its strengths and weaknesses from the critic's perspective.

Communism

An ideology focused on politics and economics that supports a society without classes, where the community collectively owns and manages the means of production.

Conflict Theory

A theoretical framework that views society as an arena of inequality generating conflict and social change.