When an industry relies heavily on government contracts, which forecasts can be the most important part of an external audit.
A) economic
B) political
C) technological
D) competitive
E) multinational

Question

Quizplus · Accepted Answer

When an industry relies heavily on government contracts, the political forecast is the most important part of an external audit as it can affect the availability and amount of government contracts, regulations that might impact the industry, and changes in political leadership which can change funding priorities.

When an Industry Relies Heavily on Government Contracts, Which Forecasts