Are there any concerns about undue reliance being placed on the results of our

Are there any concerns about undue reliance being

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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? 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?
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Has the information gathering process raised concerns about: unusual or contentious accounting policies, auditing procedures, internal controls, reporting, proper accounting records, tax or regulatory matters? Are there any external conditions or trends that may have a significant impact on the client, such as changes in buyers, changes in suppliers, or new competitors? Are there any internal conditions or trends that may raise concern, such as management turnover or new accounting information systems? Are there any other risk concerns arising out of the information gathering process? What is the Overall risk assessment of the client? Briefly explain your overall risk assessment of the client? "Retain" or "Dismiss" below: rev: 09_13_2016_QC_CS-58870, 10_11_2016_QC_CS-65408 General Risk Indicator: Have any situations been noted that bear on the integrity of management? Answers will vary. Suggested Answer: In 1999, the VP of finance was, Don Evans, was charged with a misdemeanor involving illegal gambling on local college basketball games.Are there any internal conditions or trends that may raise concern, such as management turnover or new accounting information systems? 2) EarthWear has recently switched to a new accounting information system.Overall risk assessment of the client:
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  • Spring '14
  • Accounting, Week 3 Connect Homework, reccomrnded Willis

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