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    prospective client's environment

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    Why is it important for an audit firm to understand their prospective client's environment?

    © BrainMass Inc. brainmass.com June 3, 2020, 11:28 pm ad1c9bdddf
    https://brainmass.com/business/auditing/prospective-clients-environment-280469

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    Why is it important for an audit firm to understand their prospective client's environment?

    It is important to understand their prospective client's environment to understand the business methods being used. The financial transactions those are normal in that environment. The overall profitability of businesses in that ...

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    Prospective client's environment is discussed very comprehensively in this explanation..

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