Single choice 31) A business is interviewing new auditors. They meet with four different audit companies to understand their approach. Which of the following audit firm should the business definitely not choose? Audit Firm A talks about their consultative approach whilst still maintaining independence Audit Firm B describes themselves as watchdogs. They are there to catch the company out. Audit Firm C says that they will invest time in getting to know exactly how the business operates Audit Firm D says that they are always courteous when dealing with their clients and will provide actionable recommendations Single choice 32) The profitability of an industry is affected by all of the following, except: The ability of the suppliers of raw materials to the industry to negotiate better commercial terms for themselves Increasing mergers among industry players or acquisition of competitors The availability of alternate products that resemble (or closely serve the purpose of) the industry's products at a similar price All of the above