A CPA who has been retained by a client that
operates in an industry totally new to him
a. May not accept such an engagement.
b. May accept the engagement only if the
accounting firm specializes in the audit of
commercial banks.
c. May accept the engagement after
attaining a suitable level of
understanding of the transactions
and accounting practices unique to
commercial banking.
d. May accept the engagement because
training as a CPA transcends unique
industry characteristics
operates in an industry totally new to him
a. May not accept such an engagement.
b. May accept the engagement only if the
accounting firm specializes in the audit of
commercial banks.
c. May accept the engagement after
attaining a suitable level of
understanding of the transactions
and accounting practices unique to
commercial banking.
d. May accept the engagement because
training as a CPA transcends unique
industry characteristics