CAF-8 · Chapter 2 · Question 5 of 10
A firm is offered an audit engagement but realizes that it lacks experience in the client's highly specialized industry. Accepting the engagement without a plan to acquire this expertise creates a threat to which ethical principle?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Professional Competence and Due Care
Explanation
Accepting an engagement without the necessary skills or resources creates a self-interest threat to professional competence and due care.
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