Show audit areas that have the highest risk

Reference no: EM1376466

"Professional Liability" Please responds to the subsequent:

Show audit areas that have the highest risk for potential litigation and liability for public accounting firms.

Prepare two best practices for public accounting firms to minimize the risk to liability exposure.

In today's business environment, evaluate whether public accounting firms should approach every audit client as high risk. Give your rationale.

Reference no: EM1376466

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