How and Why Does the Auditor Obtain Non-Financial Performance Data

question 18

Essay

How and why does the auditor obtain non-financial performance data during the audit?

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Definitions:

Knowledge Providers

Individuals or entities that offer expert information or insights in specific areas, often to facilitate learning or decision-making.

Bureaucratic Control

The use of rules, procedures, and formal structures to manage an organization and control its activities.

Profitability

The extent to which a company or action generates income or economic benefit.

Market Share

The portion of a market controlled by a particular company, measured by the proportion of sales that company enjoys compared to total industry sales.