When Sheila Copes, CGA audited a new client she asked questions about what the client does, how the client functions, the ownership structure of the client and its sources of financing. She was getting an understanding of the client at the
A) entity level.
B) industry level.
C) economy level.
D) all of the above.

Question

Quizplus · Accepted Answer

Sheila Copes was getting an understanding of the client at the entity level by asking questions about its operations, ownership, and financing. The industry and economy levels would involve broader analysis beyond this particular client. Therefore, the best choice is A) entity level.

When Sheila Copes, CGA Audited a New Client She Asked