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ale4655 [162]
3 years ago
13

The clientele of black & company's audit practice consists primarily of privately-owned small and middle market companies. r

ecently, the firm won two audits of public companies, including one issuer. from an independence perspective, what effect will these new client engagements have on black & company?
Business
2 answers:
kramer3 years ago
7 0

Black & Co. will have to comply with SEC and PCAOB independence rules

stepladder [879]3 years ago
3 0
<span>By winning two new clients in form of publicly owned companies black & company increase its chances to open its services to a broader market. If the audit is successful and the new clients are satisfied black & company could get referrals which would lead to a growing clients base and therefore an increase in profits.</span>
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Answer:

Sometimes sales representatives could be able to tell lies, steal customers from other coworkers, get customers in an inappropriate way.

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There will always be the possibility of a behavior aimed at financial obsession by the sales representatives involved in the bonus process.

It is important to consider how excessive greed could have a fundamental role to play improperly against the rest of the team of the sales force; Therefore, it is an incentive that while on the one hand, it could be very beneficial for the company by offering the possibility of a significant increase in the company's sales.

On the other hand, it is necessary to consider the possible problems of deception and greed that could be presented among the fellow sales representatives. In my opinion, this should be an activity that needs to be monitored very closely in order to be highly beneficial for the group in general.

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