Introduction
Auditing is a crucial aspect of the business in seeking to ensure that business standards and procedures are followed for the purpose of enhancing business continuity and performance management. In that view, auditing could take different approaches and entails considering several factors that play a crucial role in determining a business going concern capacity. In that respect, this analysis seeks to demonstrate an external audit’s operation by analyzing Carpetright financial reports for the year 2012-2013. To begin with, the analysis provides an explanation of the risk based external audit approach in addition to identifying the factors that may lead the auditor ...