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need a correct explanation ans answer please - An auditor is required to obtain an understanding of the entity's business, including cycles and reasons for
need a correct explanation ans answer please
- An auditor is required to obtain an understanding of the entity's business, including cycles and reasons for business fluctuations. What is the audit purpose most directly served by obtaining this understanding? a-To follow quality-control standards. 2-To enable the auditor to accurately identify significant deficiencies in internal control. 3-To identify areas of highest risk in the audit. 4-To decide whether it will be necessary to perform analytical procedures Step by Step Solution
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