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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Auditing A Practical Approach

ISBN: 9781119709497

4th Canadian Edition

Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren

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