Discuss the entity and industry and economy-level factors

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When planning the audit, the auditor needs to gain an understanding of the entity's structure and its business environment. The auditor focuses on identifying potential risks that may have a significant effect on the financial statements. Select the most recent set of audited annual financial statements for a U.S. public company.

After reviewing the entity's financial statements, discuss the entity, industry, and economy-level factors that the auditor should consider when planning the audit for this entity.

Reference no: EM132378711

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