UNDERSTAND THE INDUSTRY AND ENVIRONMENT OF THE COMPANY The students are required to create Understanding of the
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UNDERSTAND THE INDUSTRY AND ENVIRONMENT OF THE COMPANY
The students are required to create Understanding of the Entity and Its Environment, Including the Entity's Internal Control
The student will identify the Entity and Its Environment Industry, Regulatory, and Other External Factors
Industry Factors:
Relevant industry factors include industry conditions such as the competitive environment, supplier and customer relationships, and technological developments. Examples of matters the auditor may consider include:
The market and competition, including demand, capacity, and price competition.
Cyclical or seasonal activity.
Product technology relating to the entity's products.
Expert Answer:
Title Understanding the Industry and Environment of Company XYZ An Analysis of External Factors and Internal Control Abstract This report provides an indepth understanding of Company XYZ and its opera... View the full answer
Related Book For 
Auditing Cases An Interactive Learning Approach
ISBN: 978-0132423502
4th Edition
Authors: Steven M Glover, Douglas F Prawitt
Posted Date:
