Ashish PatelAshish Patel asked 2 years ago
1 Answers
RaviRavi Staff answered 2 years ago

it simply says, we need to understand entity first to identify risk.
so we need to understand following things about our client (remember in sequence of broader to narrower), refer to video and notes for better understanding
Economy
Industry
Regulatory Requirement
Corporate Governance
Financing
Investments
Operations
FRF
Financial Statements
Objectives

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