Tuesday, 16 August 2016

August 16, 2016

<3 to my Solid state drive. It's so fast that whenever I need to review technical knowledge from a pdf textbook BAM! It gives me the answer in 2 seconds. Here's something from a textbook :)

"Engagement risk is the risk that the auditor or audit firm will suffer harm after the audit
is finished, even though the audit report was correct. Engagement risk is closely related
to client business risk, which was discussed in Chapter 8. For example, if a client
declares bankruptcy after an audit is completed, the likelihood of a lawsuit against the
CPA firm is reasonably high, even if the quality of the audit was high."

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