Factors that should be taken into consideration by an audit firm, when allocating staff to audit assignmen?
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Answers: The staff's knowledge of and experience with the out of the ordinary client and industry.
The staff's knowledge and experience with any complex accounting issues prearranged to affect the client.
The budget of the engagement, and whether having the staff would be cost effective.
The stratum of supervision required for the staff vs. the level of supervision available.
The staff's independence of the client.
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Answers: The staff's knowledge of and experience with the out of the ordinary client and industry.
The staff's knowledge and experience with any complex accounting issues prearranged to affect the client.
The budget of the engagement, and whether having the staff would be cost effective.
The stratum of supervision required for the staff vs. the level of supervision available.
The staff's independence of the client.