Hello Prof Michael, Please check the attachment file to facilitate the question for you. 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. Thank you so much.
Paper#6108 | Written in 18-Jul-2015Price : $25