Question

Factors considered essential for the audit of a company answer

Answer 1

ANSWER

Factors considered essential for the audit of a company answer are:-

1. Risk profile

2. Size and quantum of operations .

3. Complexity of operations

4. Regulatory matters

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Answer 2

Answer:

The factors considered essential for the audit of a company are:

1. Level of assessing and controlling risk

2. Internal and external regulatory processes

3. The cost of capital

4. Quantum and size of various operations

5.Complexity of operations

The audit of a company includes the appointment of a suitable auditor, duties of the auditor, generating the audit report for the company and restriction on statutory auditors.