PSA 315 requires that the auditor should
obtain an understanding of relevant
industry, regulatory and other external
factors including the applicable financial
reporting framework. Which of the following
is not among the items that relate to
industry conditions?
a. Energy, supply and cost
b. Inflation and currency revaluation
c. Market and competition
d. Cyclical or seasonal activity
obtain an understanding of relevant
industry, regulatory and other external
factors including the applicable financial
reporting framework. Which of the following
is not among the items that relate to
industry conditions?
a. Energy, supply and cost
b. Inflation and currency revaluation
c. Market and competition
d. Cyclical or seasonal activity