An auditor is most likely to not accept a new audit engagement when The engagement...

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Accounting

An auditor is most likely to not accept a new audit engagement when
The engagement letter was not signed until after the year end physical inventory had been completed.
The CPA is not familiar with the client's industry.
The CPA believes that the internal control system cannot be relied upon because it is inadequately documented.
Management has refused to provide access to all financial records.
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