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Home Q & A Board Other Fields Homework Help Business Accounting
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eFishie eFishie
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6 years ago
It is important for the auditor to obtain a good understanding of the industry of the client to develop a client risk profile. If the auditor is looking at a client in the fashion clothing industry, a risk specific to the industry would be
A) the high risk of poor governance and management oversight.
B) the high risk of defective products.
C) the high risk of obsolescence of their inventory.
D) the volatility in the stock market with regards to common stock.
Textbook 
Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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victroxvictrox
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6 years ago
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eFishie Author
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#2
6 years ago
Love when it's right Smiling Face with Open Mouth
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