Question
Your client has enjoyed increasing brand recognition for some of its key products. This has positively affected the audit clients profit growth, which has risen
Your client has enjoyed increasing brand recognition for some of its key products. This has positively affected the audit clients profit growth, which has risen by 10% over the financial year.
Required:
Explain the impact of this issue on your assessment of a) audit risk, (by indicating the impact on the relevant components) and b) the audit strategy that would be adopted.
(3 marks)
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
