Which of the following would NOT be a consideration of an audit firm in deciding whether to accept a new client?
A) Client's relation with its previous audit firm
B) Client's standing in the business community
C) Client's financial stability
D) Client's probability of achieving an unqualified opinion

Question

Quizplus · Accepted Answer

A client's probability of achieving an unqualified opinion is a significant consideration for an audit firm in deciding whether to take on a new client. The audit firm will want to make sure that the client has adequate financial resources, competent management, and suitable internal controls to support the preparation of financial statements that comply with the appropriate accounting standards. Therefore, D would not be considered by the audit firm.

Which of the Following Would NOT Be a Consideration of an Audit