An auditor will perform all of the following to gain an understanding of the entity, except: a.
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An auditor will perform all of the following to gain an understanding of the entity, except:
a. make inquiries of both financial and non-financial staff who may be able to identify the risk of material misstatement.
b. perform analytical procedures to identify any unusual or unexpected relationships that may indicate areas of risk.
c. perform observation and inspection procedures to corroborate the responses by management.
d. perform detailed testing on key balance sheet accounts.
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Related Book For
Auditing A Practical Approach
ISBN: 9781119709497
4th Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
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