Question
You are a manager in charge of training recently-hired audit associates. One of the associates, Elle, asks you to explain how the knowledge of a
You are a manager in charge of training recently-hired audit associates. One of the associates, Elle, asks you to explain how the knowledge of a clients business and industry affects the auditors assessment of risk. You decide to use AT LEAST two of the following companies to illustrate how a clients business and industry relate to the various risks assessed in an audit:
- Exxon
- Amazon
- Six Flags
- Camping World
Prepare a short memo responding to Elles question. Assume this could eventually end up in training materials for your audit firm. Keep your response short (fewer than 200 words).
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