Understanding the Client's Business and Industry
Consult Paragraphs 5-8 of PCAOB Auditing Standart No. 8 and Paragraphs 7-10 of PCAOB Auditing Standard no. 12. Based on your understanding of inherent risk assessment and the case information, identify three specific factors about Quest's business model that might cause you to elevate inherent risk if you were conducting an audit at Qwest.