Open AccessThe Auditor’s Road Map For Client Acceptance
Author(s) -
Jeff Decker,
Rich Ray,
Tim Kizirian
Publication year - 2016
Publication title -
journal of business case studies
Language(s) - English
Resource type - Journals
eISSN - 2157-8826
pISSN - 1555-3353
DOI - 10.19030/jbcs.v12i3.9710
Subject(s) - promulgation , audit , benchmark (surveying) , accounting , business , process (computing) , computer science , geodesy , political science , law , geography , operating system
Our case study focuses on developing the student’s understanding of the auditor’s evaluation of prospective audit clients. A comprehensive evaluation is uniquely important since the client acceptance decision can be the chief contributor to auditor business risk (engagement risk). Even so, guidance in the area of client acceptance is general in nature and not as extensive or prescriptive as other significant auditing promulgation. This student case study provides practical evaluation criteria for client acceptance that can also be used by accounting professionals to benchmark their client acceptance evaluation process. This student case study can be used in the accounting classroom as a descriptive benchmark of the evaluation of a prospective client.