by
Ahmed Gamal , Senior Accountant #Dip. IFRS In Progress , Future Pipe Industries S.A.E
Increased efficiency and effectiveness. The business approach can help auditors to be more efficient and effective in their audits by allowing them to focus their audit procedures on the areas of the business that are most likely to contain material misstatements.
Improved risk assessment. The business approach can help auditors to improve their risk assessment by providing them with a better understanding of the business and the risks that it faces.
Enhanced audit quality. The business approach can help to enhance audit quality by providing auditors with a more comprehensive and in-depth understanding of the financial statements and the underlying business.
Improved communication with management. The business approach can help auditors to improve their communication with management by providing them with a common language and framework for discussing the financial statements and the underlying business.
Increased client satisfaction. The business approach can help to increase client satisfaction by providing clients with a more comprehensive and informative audit report.
