To perform an external audit, a company first must
A) get an approval from the Securities and Exchange Commission.
B) perform an internal audit.
C) gather competitive intelligence and information about external trends.
D) hire a consultant to develop a comprehensive strategic plan.
E) all of the above

Question

Quizplus · Accepted Answer

To perform an external audit, a company must gather competitive intelligence and information about external trends. While conducting an internal audit and hiring a consultant to develop a strategic plan may also be helpful, they are not necessarily required before conducting an external audit. Approval from the Securities and Exchange Commission is not necessary for an internal audit.

To Perform an External Audit, a Company First Must