Audit firm portfolio management decisions are not important in achieving audit quality.

Question

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Audit firm portfolio management decisions play a crucial role in achieving audit quality as they determine which clients the firm takes on, and the resources and time allocated to each client. Effective portfolio management decisions can help ensure that auditors are able to maintain independence, objectivity, and professional skepticism, and can effectively detect and report financial statement errors and fraud. On the other hand, poor portfolio management decisions can lead to audit failures and compromises in audit quality.

Audit Firm Portfolio Management Decisions Are Not Important in Achieving