Audit firm culture plays a role in audit firm portfolio management in that some audit firms are willing to provide audits to riskier clients, while other audit firms are not willing to do so.

Question

Quizplus · Accepted Answer

Audit firm culture can influence their risk appetite and whether they are willing to take on riskier clients. This can impact their portfolio management decisions, as they may choose to focus on particular industries or types of clients to minimize risk and maintain their reputation.

Audit Firm Culture Plays a Role in Audit Firm Portfolio