In the investigation of a potential new client, besides inquiring of the existing auditor, the prospective auditor should make inquires of other third parties. Which of the following is least likely to be included in this inquiry?
A) legal advisers/solicitors.
B) bankers.
C) customers.
D) the chamber of commerce.

Question

Quizplus · Accepted Answer

Customers are least likely to be included in the inquiry by a prospective auditor investigating a new client because the auditor's focus is typically on understanding the client's financial, legal, and operational status from a business and regulatory perspective, which is more directly informed by legal advisers, bankers, and business associations like the chamber of commerce.

In the Investigation of a Potential New Client, Besides Inquiring