When gaining an understanding of the client at the industry level the auditor will: (a) use information

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When gaining an understanding of the client at the industry level the auditor will:

(a) use information about the client’s industry.

(b) not consider government taxes on the industry because they are out of the client’s control.

(c) ignore bad news reports about the client firm because the client’s reputation in the press is not important.

(d) not consider the level of demand for the goods and services provided by other companies in the client’s industry.

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Auditing A Practical Approach

ISBN: 9780730364573

3rd Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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