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You own an accountingfirm. Your firm assists medium sized businesses with their morecomplex accounting...You...

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Accounting

You own an accountingfirm. Your firm assists medium sized businesses with their morecomplex accounting transactions (leases, pensions, stock options)and processes such as establishing internal controls and creatingreporting policies. You are investigating a company to determineits acceptability as a new client. You learn that the accountingstaff at this entity is “overworked”. What concerns, if any, wouldthis raise?

What about if youlearn that this potential client has a high turnover rate ofemployees in top accounting and finance positions?

Answer & Explanation Solved by verified expert
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Answer Heretwo concerns arise when we learnt that accounting staff is Nenu workedThe first one is that whether they are concealing any sophisticated fraud or soThe second one is that they are trying make the internal    See Answer
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In: AccountingYou own an accountingfirm. Your firm assists medium sized businesses with their morecomplex accounting...You own an accountingfirm. Your firm assists medium sized businesses with their morecomplex accounting transactions (leases, pensions, stock options)and processes such as establishing internal controls and creatingreporting policies. You are investigating a company to determineits acceptability as a new client. You learn that the accountingstaff at this entity is “overworked”. What concerns, if any, wouldthis raise?What about if youlearn that this potential client has a high turnover rate ofemployees in top accounting and finance positions?

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