Management Notes

Reference Notes for Management

An auditor who accepts an audit but does not possess the industry expertise of the business entity should

An auditor who accepts an audit but does not possess the industry expertise of the business entity should

An auditor who accepts an audit but does not possess the industry expertise of the business entity should

 Options:

a) engage experts
b) obtain knowledge of matters that relate to the nature of entity’s business
c) inform management about it
d) take help of other auditors

The Correct Answer Is:

b) obtain knowledge of matters that relate to the nature of entity’s business

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