Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

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Here is the solution for Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?. The solution is given after the options.

Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

The CPA does not understand the entity’s operations and industry.

Management acknowledges that the entity has had recurring operating losses.

The CPA is unable to review the predecessor auditor’s working papers.

Management is unwilling to permit inquiry of its legal counsel.

Correct Answer

Management is unwilling to permit inquiry of its legal counsel.

Explanation:

Management is unwilling to permit inquiry of its legal counsel. is the answer for Which of the following factors most likely would cause a CPA to decline to accept a new audit engagement?

Conclusion:

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