Who Would Be Considered a Reasonably Foreseeable Third Party for an Auditor

question 15

Essay

Who would be considered a reasonably foreseeable third party for an auditor?

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Definitions:

Factory Machinery

Fixed assets used in the production of goods, including machines and equipment in a manufacturing facility.

Direct Material

Raw materials that are directly involved in the production process of a product and can be easily traced to it.

Steel

An alloy of iron and carbon (and possibly other elements) that is hard, strong, and used as a structural and fabrication material.

Lumber

Wood that has been processed into beams and planks, a stage in the process of wood production.