How is lack of understanding of a client's knowledge and industry linked to the auditor's business risk?
A)sales and collection processes need to be carefully documented so that the auditor can assess the value of accounts receivable.
B)failure to fully understand the nature of the client's transactions could result in litigation should the client fail.
C)the auditor may not be adequately trained to understand the nature of the client's business and thus may conduct a poor quality audit.
D)there may not be sufficient expertise assigned to the audit engagement,resulting in a lack of understanding of complex issues.

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The Answer of How is lack of understanding of a client's knowledge and industry linked to the auditor's business risk?
A)sales and collection processes need to be carefully documented so that the auditor can assess the value of accounts receivable.
B)failure to fully understand the nature of the client's transactions could result in litigation should the client fail.
C)the auditor may not be adequately trained to understand the nature of the client's business and thus may conduct a poor quality audit.
D)there may not be sufficient expertise assigned to the audit engagement,resulting in a lack of understanding of complex issues.

How Is Lack of Understanding of a Client's Knowledge and Industry