assumes that your firm is considering accepting NewSkin Pharma

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June 7th, 2024

assumes that your firm is considering accepting NewSkin Pharma as a new audit client. NewSkin is a start-up biotech firm that has publicly traded stock on NASDAQ. Your audit partner has asked you to perform some preliminary work for the firm’s client acceptance process.Required:a. Prepared a list of business risks hat NewSkin likely will face as a start-up biotech firm.b. Choose two of these risks and consider how they might affect your decision to accept NewSkin as a client.

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