Ms Simon has recently passed her board exams and is now a qualified Chartered Account. It has always been her dream to open her very own auditing firm.

She has started researching and requires expertise in order to understand the business environment she would be entering into.

You are required to advise Ms Simon based on the questions below:

1 Identify each of the sub-environments of the business environment. 2 Conduct a brief scenario development in order to determine how five (5) external variables/ components would most likely affect her future business. 3 Explain to Ms Simon the importance of conducting an environmental analysis