Management Notes

Reference Notes for Management

An auditor obtains knowledge about a new client’s business and its industry to

An auditor obtains knowledge about a new client’s business and its industry to

An auditor obtains knowledge about a new client’s business and its industry to

 Options:

a) Make constructive suggestions concerning improvements to the client’s internal control system.
b) Evaluate the appropriateness of audit evidence obtained
c) Under stand the events and transactions that may have an effect on client’s financial statements.
d) All of the above.

The Correct Answer Is:

c) Under stand the events and transactions that may have an effect on client’s financial statements.

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