Consider before accepting a company as audit client

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Reference no: EM131878574

1. Given an effective bi-weekly rate of 0.15%, determine the equivalent effective annual rate and stated annual rate compounded bi-weekly; b) Given an effective annual rate of 7.5%, determine the equivalent effective daily rate and stated annual rate compounded daily.

2. Discuss the factors an auditor should consider before accepting a company as an audit client.

3. What are some key characteristics you can learn from a companies financial statements?

Reference no: EM131878574

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