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The following are the potential sources of information that an auditor can tap to gain an insight into the entity and its environment

  1. Press releases, brochures and publications issued by the auditee.
  2. Industry, trade, economic and financial journals.
  3. Minutes of the meetings of board of directors and audit committee.
  4. Interim and annual financial reports published by the auditee.
  5. Reports of Internal audit department.
  6. Financial and other reports prepared by analysts at the behest of of banks, rating agencies etc.
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