Please help i need it.....? - fundamentals of auditing
Kitty Pride works in an accounting firm and hopes to eventually became a partner. The management of X-Men: Pride invites the company to launch a bid for the audit of financial statements of X-Men prepare it. In discussing the audit fee, management of X-Men's proposing a series in which the amount depends on the benefits reported from X-Men. More you use, the better to examine the charges that pride to the company.
Required:
1. Identify parties who are potentially affected by this situation.
2. What ethical factors in this situation? Explaining.
3. Would you recommend that Kitty Pride accept the audit fee agreement? Why or why not?
4. Describe some of the ethical considerations, the orientation of its recommendation. (Fundamentals of Accounting Principles: Larson, Wild and Chiappetta)
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