The audit team is preparing to audit a new client in the fashion industry. The client imports
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The audit team is preparing to audit a new client in the fashion industry. The client imports garments from manufacturers in several Asian countries and retails them in a chain of shops located throughout the United States.
You have access to the following information for the client:
a. Prior period financial statements.
b. Anticipated results for the current year.
c. Industry averages.
Required
Discuss how you would use the information to understand your new client.
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Related Book For
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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