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8. Without adequate knowledge of client's business, a proper audit is not possible. It is one of the important principles in developing an overall audit

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8. Without adequate knowledge of client's business, a proper audit is not possible. It is one of the important principles in developing an overall audit plan. Explain in context with relevant SA, knowledge to be obtained by the auditor in establishing overall plan. Also explain how such an understanding would be helpful to the auditor

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