Q&A Hero

Question

Which of the following factors most likely would lead a CPA to conclude that a potential audit engagement should be rejected?

A. The details of most recorded transactions are not available after a specified period of time.

B. Internal control activities requiring segregation of duties are subject to management override.

C. It is unlikely that sufficient appropriate evidence is available to support an opinion on the financial statements.

D. Management has a reputation for consulting with several accounting firms about significant accounting issues.