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Auditing Standards Section 314, Understanding the Entity and its Environment and Assessing the risks of Material Misstatements , provides guidance for auditors when evaluating electronic

  1. Auditing Standards Section 314, Understanding the Entity and its Environment and Assessing the risks of Material Misstatements, provides guidance for auditors when evaluating electronic evidence. What are the implications for an auditor when a clients accounting system produces and stores transactions evidence only electronically?

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