McGrath and Partners Chartered accounting firm is tendering for the audit of Harris Ltd (an...
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Accounting
McGrath and Partners Chartered accounting firm is tendering for the audit of Harris Ltd (an ASX listed client) for the next financial year.During the tender preparation, the manager of the audit team discovers that a separate division of the same city office of McGrath and Partners is also tendering to provide taxation serviceswhich will include doing the tax note for the financial statements.
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a) Explain whether the audit team should continue to tender for the audit work of Harris Ltd.References arerequired.
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