Scott, a tax accountant, was asked by his client to perform an audit of their financial statements. While Scott has accounting and auditing knowledge, he has not performed audits b... Scott, a tax accountant, was asked by his client to perform an audit of their financial statements. While Scott has accounting and auditing knowledge, he has not performed audits before. Which of the following approach of Scott is least likely to do?
Understand the Problem
The question is asking about Scott's situation as a tax accountant with no prior auditing experience and which approach he is least likely to take in handling a client's request for an audit. This requires an understanding of professional ethics and responsibilities in accounting.
Answer
Take on the audit work for the client.
Scott is least likely to take on the audit work for the client.
Answer for screen readers
Scott is least likely to take on the audit work for the client.
More Information
Taking on audit work without experience is risky for Scott, as it may compromise professional standards and quality.
Tips
A common mistake is underestimating the complexity of audit tasks without sufficient experience, potentially leading to errors.
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