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What would lead cpa to conclude potential audit engagement

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Reference no: EM132468322

Question 1: Which of the following situations would lead a CPA to conclude that a potential audit engagement should not be accepted?

Multiple Choice

Point 1: There are significant related party transactions that management claims occurred in the ordinary course of business.

Point 2: Internal control activities requiring the segregation of duties are subject to management override.

Point 3: Management continues to employ an inefficient system of information technology to record financial transactions.

Point 4: It is unlikely that sufficient evidence is available to support an opinion on the financial statements.

Reference no: EM132468322

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