An auditor who accepts an audit
engagement and does not possess the
industry expertise of the business entity,
should
a. Engage financial experts familiar with the
nature of the business entity.
b. Obtain a knowledge of matters that
relates to the nature of the entity's
business.
c. Refer a substantial portion of the audit to
another CPA who will act as the principal
auditor.
d. First inform management that an
unqualified opinion cannot be issued
engagement and does not possess the
industry expertise of the business entity,
should
a. Engage financial experts familiar with the
nature of the business entity.
b. Obtain a knowledge of matters that
relates to the nature of the entity's
business.
c. Refer a substantial portion of the audit to
another CPA who will act as the principal
auditor.
d. First inform management that an
unqualified opinion cannot be issued