- 1 Marks
AAA – L3 – SA – Q4.4 – Practice management
What is the definition of low-balling in the context of auditing?
Question
What is low-balling?
A Giving an unqualified audit opinion to preserve retention as the auditor
B Ignoring requests from the secondary auditor
C Ignoring reporting by exception
D Attempting to win the audit by submitting an unrealistically low fee
Find Related Questions by Tags, levels, etc.
- Tags: Audit Appointment, Audit fees, Client acquisition, Low-balling, Professional Ethics
- Level: Level 3
- Topic: Practice management
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