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last two photos are the options for the blanks . In performing an audit in accordance with GAAS, we - Exercise [5] and maintain professional
last two photos are the options for the blanks .
In performing an audit in accordance with GAAS, we - Exercise [5] and maintain professional skepticism throughout the audit. - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures indude examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of ABCD Company's internal control. Accordingly, no such opinion is expressed. - Evaluate [6] of accounting policies used and the reasonableness of significant [7] made by management, as well as evaluate the overall presentation of the financial statements. - Conclude whether, in our judgment, conditions or events, considered in the aggregate, raise substantial doubt about. ABCD Company's ability to continue as a going concern for a reasonable periodiof time- We are required to communicate with those charged with governance regarding among other matters, the planned scope and timing of the audit, [8], and certain internal control-related matters that we identified during the audit. Select an option below accounting estimates auditing standards significant audit findings accounting principles professional judgment internal control the possible effects policies and procedures the accounts audit evidence the appropriateness Step by Step Solution
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