A-01 continuance - Name Class EARTHWEAR CLOTHIERS Client Continuance Evaluation General Risk Indicators Instructions Evaluate and answer the following

A-01 continuance - Name Class EARTHWEAR CLOTHIERS Client...

This preview shows page 1 out of 1 page.

Name:Class:3-5JRL11/29/16General Risk IndicatorsInstructions: Evaluate and answer the following unanswered questions regarding the risk of retaining EarthWear as an audit client. Click on the yellow boxes and select either "Yes" or "No" from the drop down menu.If you selected 'Yes' on any of the questions to the left, provide and explanation below:Are there any concerns about undue reliance being placed on the results of our work? (i.e. sale of the company, financing)Does the client have any associated entities that are not audited or are being audited by firms outside of Willis and Adams?Have any situations been noted that bear on the integrity of management?Don Evans gambling history does not bode well on the integrity of management.Is there evidence that the business is financially distressed?Is the client imposing on us any unreasonable scope or timing restrictions?Is the client's industry or business characterized by significant operating, economic, product, of other commercial risk? (Examples of such risks include: development or start-up stage, high risk industry, an industry with relatively short product lives, or product(s) of unknown or doubtful commercial feasibility.)Are there any pending enforcement matters or other investigations the outcome of which could adversely impact the viability or reputation of the business?
Background image

You've reached the end of your free preview.

Want to read the whole page?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture