hard20 pts · first answer countsaudit-planning

Client threatens to sue the audit firm

Management threatens to sue your firm over last year’s audit unless you accept its revenue treatment this year. What is the main concern?

A.Self-interest and intimidation threats that may require withdrawalB.An advocacy threat that only needs disclosure in the audit reportC.No threat, since the case has not been filed in court yetD.Only a matter for the firm’s insurer and legal team

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Client threatens to sue the audit firm

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