Which of the following factors most likely would cause an auditor not to accept a new audit engagement?

Question

Quizplus · Accepted Answer

Choice "C" is correct. A conclusion that management lacks integrity would probably cause the auditor not to accept a new engagement. Choice "A" is incorrect. Inadequate understanding of the client's internal control would not prevent the auditor from accepting the engagement, since that understanding could be obtained later. Choice "B" is incorrect. Proximity to year-end would not prevent an auditor from accepting a new audit engagement. Choice "D" is incorrect. While analytical procedures are required during planning, this generally occurs subsequent to accepting the engagement.

Which of the Following Factors Most Likely Would Cause an Auditor