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Hello prof, I have a home work question in my A...

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Question

Hello prof, I have a home work question in my Advanced auditing class and I would like to an accurate answer please. 2. The client and our firm have agreed on an initial estimated audit fee of $21,000 (see the engagement letter). However, the estimated total cost of performing this year's audit is $27,510 (see the fee budget on workpaper 6-5). Discuss possible reasons why a CPA firm might charge a new client an audit fee that is lower than the estimated first-year costs of performing the audit.

 

Paper#6105 | Written in 18-Jul-2015

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