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Hi sir,
It is essential for any type of business to maintain good quality over all of its services in order to cut down the risk of “Clients taking their custom elsewhere”I am wondering what does risk of “Clients taking their custom elsewhere” mean. Does it mean clients may dominate the work of auditors, thus quality control needs to be carried out to prevent the domination.
Thanks
“Clients taking their custom elsewhere” means that the entity will lose its customer / client base to a competitor entity / firm
If PwC standards should fall below what the market expects, why would PwC clients not go out and find a different firm to audit their records and financial statements
And in that situation we could say that the PwC clients were taking their custom elsewhere”
OK?
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