Solution-Which having a good knowledge of the client

Which having a good knowledge of the client industry

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Reference no: EM132723890

Problem 1: Having a good knowledge of the client's industry is important to the auditor because

Option 1: each industry has its own unique accounting requirements that can be complex

Option 2: payroll and human resource policies vary by industry

Option 3: detection risk is set based on industry standards

Option 4: knowing the client's industry will identify how effective the indiyidual client's controls might be

Reference no: EM132723890

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Which having a good knowledge of the client industry

Reference no: EM132723890

Reference no: EM132723890

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