An auditor often tries to acquire background knowledge of the client's industry as an aid to audit

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An auditor often tries to acquire background knowledge of the client's industry as an aid to audit work. How does the acquisition of this knowledge aid the auditor in distinguishing between obsolete and current inventory?

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Auditing and Assurance services an integrated approach

ISBN: 978-0132575959

14th Edition

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

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Question Posted: Oct 10, 2012 07:22 AM

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An auditor often tries to acquire background knowledge of the client's industry as an aid to audit

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Auditing and Assurance services an integrated approach

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