- Previous experience with entity and industry
- Discussion with the people of the entity e.g. directors, senior operating personnel
- Discussion with internal audit personnel and review of internal audit reports
- Discussion with other auditors and with legal and other advisors who have provided services to entity or within the industry
- Discussion with knowledgeable people in the entity e.g. industry economists, industry regulators, customers, suppliers and competitors
- Publications related to industry e.g. government statistics, surveys, texts, trade journals, reports prepared by banks and security dealers, financial newspapers etc
- Legislation and regulations that significantly affect the entity
- Visits to entity‘s premises and plant facilities
Wilfykil answered the question on February 23, 2019 at 06:20
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