Question: Select the reason that best explain why auditors need an understanding of the client's industry.Auditors need an understanding of the client's business and industry because
Select the reason that best explain why auditors need an understanding of the client's industry.Auditors need an understanding of the client's business and industry because Option Ait helps the auditor understand why the client wants or needs and audit. Option Bthe nature of the business and industry affect business risk and the risk of material misstatements in the financial statements. Option Cit helps keeping the audit costs reasonable Option Dit creates a good relationship with the client.
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