The decision to continue doing the audit of an existing client is
A)as important as deciding whether or not to accept a new client
B)less important than deciding whether or not to accept a new client
C)more important than deciding whether or not to accept a new client
D)only to be reconsidered if the client's operations or upper management has changed

Question

Quizplus · Accepted Answer

The decision to continue doing the audit of an existing client is just as important as deciding whether or not to accept a new client. This is because the auditor has to assess whether they are still capable of providing an unbiased and objective opinion on the client's financial statements. Additionally, the client's operations and upper management may have changed, which can affect the risk assessment and the audit approach. Therefore, both deciding to accept a new client and continuing with an existing client require careful consideration and evaluation of risk factors.

The Decision to Continue Doing the Audit of an Existing