In order for an auditor to gain an understanding of an entity and its environment it should consider the entity's industry conditions, regulatory environment and any economy wide factors. Give two examples of what an auditor may consider in each.

Question

Quizplus · Accepted Answer

The Answer of In order for an auditor to gain an understanding of an entity and its environment it should consider the entity's industry conditions, regulatory environment and any economy wide factors. Give two examples of what an auditor may consider in each.

In Order for an Auditor to Gain an Understanding of an Entity