There are several critical aspects of an entity's business operations that are important for the auditor to understand. These include all of the following except:
A) the entity's investing and financing activities.
B) the location of production facilities, warehouses, and offices.
C) methods of obtaining revenues.
D) the entity's products and services, markets, customers, and competition.
E) transactions with related parties.

Question

Quizplus · Accepted Answer

The entity's investing and financing activities are not critical aspects of an entity's business operations that are important for the auditor to understand.

There Are Several Critical Aspects of an Entity's Business Operations