How auditor assess audit implications of external industry, Accounting Basics

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How auditor assess audit implications of external industry

Question: Specify the sources of information that should be used to obtain knowledge about prospective clients. Outline the types of knowledge about the prospective client that are needed to decide whether to perform the audit. Explain how an auditor can obtain an understanding of the client related to the internal company environment. Describe how an auditor can assess the audit implications of the external industry factors as part of due diligence.

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Accounting Basics: How auditor assess audit implications of external industry

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