Which of the following is more likely to be a foreseen party? a. The president of the
Question:
Which of the following is more likely to be a foreseen party?
a. The president of the auditor's client.
b. A local bank that might be expected to lend the client money relying, in part, on the audited financial statements.
c. The chairman of the board of directors of the auditor's client.
d. A local bank that has never done business with the client and is unknown to the auditor.
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In the context of auditing a foreseen party typically refers to an individual or entity whose relian...View the full answer
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Related Book For 
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
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