Given the CPA firm is auditing financial statements, why would they need to under- stand anything about the client’s business?
DISCUSSION QUESTIONS AND PROBLEMS 2-16 (OBJECTIVE 2-7) Sarah O’Hann enjoyed taking her first auditing course as part of her undergraduate accounting program. While at home during her semester break, she and her father discussed the class, and it was clear that he didn’t really understand the nature of the audit process as he asked the […]