Explain briefly the importance of an auditor gaining a thorough understanding of the client, its business operations,
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Explain briefly the importance of an auditor gaining a thorough understanding of the client, its business operations, its risks, its industry, and its financial and non-financial performance.
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An auditor must gain a thorough understanding of the client its operations its risks its industry and its performance for several reasons 1 Identify R...View the full answer
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Related Book For 
Principles Of External Auditing
ISBN: 9780470974452
4th Edition
Authors: Brenda Porter, Jon Simon, David Hatherly
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