An extensive understanding of the client's
business and industry and knowledge about
the company's operations are essential for
doing an adequate audit. For a new client,
most of this information is obtained
a. From the Securities and Exchange
Commission.
b. From the predecessor auditor.
c. From the permanent file.
d. At the client's premises.
business and industry and knowledge about
the company's operations are essential for
doing an adequate audit. For a new client,
most of this information is obtained
a. From the Securities and Exchange
Commission.
b. From the predecessor auditor.
c. From the permanent file.
d. At the client's premises.