When obtaining knowledge about the entity's objectives and strategies and the related business risks, an auditor should consider:
A) industry developments.
B) new products and services.
C) expansion of the business.
D) all of the above.

Question

Quizplus · Accepted Answer

When obtaining knowledge about an entity's objectives and strategies and the related business risks, an auditor should consider all relevant factors that could significantly impact the entity's financial statements. This includes industry developments, new products and services, and expansion of the business, as all these factors can influence the entity's risk profile and financial performance.

When Obtaining Knowledge About the Entity's Objectives and Strategies and the Related