VIDEO LESSON · ADVANCED AUDIT AND ASSURANCE · MODULE 2 · PART 2.4

Understanding the Entity and Its Environment

Name: Understanding the Entity and Its Environment
Uploaded: 2026-11-12T19:50:00+11:00
Duration: 552 s
Description: Explore what an auditor must understand about an entity and its environment before assessing risk: its industry, regulation and economic setting, the nature of its operations, investments and financing, its accounting policies, its objectives, strategies and business risks, and the way its performance is measured.

10 min · Free to watch

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About this video lesson

Explore what an auditor must understand about an entity and its environment before assessing risk: its industry, regulation and economic setting, the nature of its operations, investments and financing, its accounting policies, its objectives, strategies and business risks, and the way its performance is measured.

Study files for this lecture

PDFUnderstanding the entity and its environment

PNGWhat the understanding covers

PNGFrom event to assertion

PNGBusiness risks at Voltana

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