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Discuss the Factors an Auditor Should Consider Before Accepting a Company

question 105

Essay

Discuss the factors an auditor should consider before accepting a company as an audit client.


Definitions:

Product Characteristics

Attributes or features that define a product and affect its performance or desirability.

Mode of Transportation

Different methods used for moving people or goods from one place to another, such as road, rail, air, or sea.

Transportation Infrastructure

The foundational facilities and systems serving a country, city, or area, including roads, bridges, tunnels, railways, and ports, used for the movement of people and goods.

Investment Decisions

The process of making choices about where to allocate resources in order to generate the highest possible returns.

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