How robust or intense is competition in particular industry

Reference no: EM132683188

General Business Concerns

Question 1: Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?

Question 2: Are they a conglomerate with lots of disparate kinds of goods and services, or are they a simple straight-forward type of business operating in a relatively small location?

Question 3: Are operating supplies (such as jet fuel or specialty plastics) in short supply or subject to wild pricing swings on the open market?

Question 4: What about overseas operations - are they operating in dangerous parts of the world?

Question 5: How robust or intense is the competition in this particular industry?

Question 6: Has their top management recently been replaced and if so, why?

Question 7: Is seasonality a factor for this company? How does that affect revenue and other operations?

Reference no: EM132683188

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