When gaining an understanding of the client at the industry level, the auditor: (a) Will not ignore
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When gaining an understanding of the client at the industry level, the auditor:
(a) Will not ignore information about the client’s industry.
(b) Will not consider the level of demand for the goods and services provided by other companies in the client’s industry.
(c) Will not consider government taxes on the industry because they are out of the client’s control.
(d) Will not listen to bad news reports about the client firm because the client’s reputation in the press is not important.
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Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
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