Which of the following is an example of information used by auditors in gaining an understanding of a client at the entity level?
A) the level of competition in the client's industry.2
B) whether the client is an importer or exporter of goods
C) the client's ability to withstand currency fluctuations
D) the level of government support in the client's industry

Question

Quizplus · Accepted Answer

Understanding whether the client is an importer or exporter of goods helps auditors gain insight into the client's operations, risks, and financial reporting at the entity level.

Which of the Following Is an Example of Information Used