An audit firm must submit a proposal if a potential new client inquires about their audit services.

Name: An audit firm must submit a proposal if a potential new client inquires about their audit services.
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Question

Quizplus · Accepted Answer

An audit firm is not obligated to submit a proposal to every potential new client that inquires about their services; the decision to submit a proposal is at the firm's discretion based on various factors such as capacity, expertise, and risk assessment.

An Audit Firm Must Submit a Proposal If a Potential