When Obtaining Knowledge About the Entity's Objectives and Strategies and the Related

question 38

Multiple Choice

When obtaining knowledge about the entity's objectives and strategies and the related business risks, an auditor should consider:

• A) industry developments.
• B) new products and services.
• C) expansion of the business.
• D) all of the above.

Apply strategies for writing analytical reports to a skeptical audience.

Comprehend the importance of audience expectation in planning proposals.

Differentiate between solicited and unsolicited proposals and their preparation processes.

Understand the implications of presenting conclusions at the beginning of an analytical report.