Which of the following is not a reason why auditors perform an investigation of potential clients as part of their client acceptance and continuance procedures?
A) It is important for auditors to establish good reputations, so they strive to accept clients that possess a high level of integrity.
B) They want to avoid business risks associated with potential litigation.
C) They want to be reasonably assured of their ability to earn a profit from the audit engagements they perform.
D) They want to assist their audit clients in recovering from financial decline.

Question

Quizplus · Accepted Answer

Auditors do not perform investigations of potential clients to assist them in recovering from financial decline. Instead, auditors want to ensure that they are able to perform effective audits and earn a profit, avoid litigation risk, and accept clients who possess a high level of integrity.

Which of the Following Is Not a Reason Why Auditors