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What is rationale of why the audit firm owns all workpaper

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Question a. You are the owner of ABC Auditing firm. A company comes to you and offers to hire you to perform an audit that was started by another company, who have been dismissed. What considerations would help to decide if you would accept the offer?

Question b. What is a financial audit and what is an operational audit? How are these two types audits similar? How are they different?

Question c. During an audit your discover that an employee embezzled $5 ten years ago. What would you?

Question d. You present the audit report to your client. Your client disagrees with some information and conclusion in the audit report, How would you handle it?

Question e. What is the rationale of why the audit firm owns all workpapers?

Reference no: EM132481440

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