Question
QUESTION 3 Understanding client's business is an important initial planning in performing external audit. Planning is an important audit concept to ensure that the audit
QUESTION 3
Understanding client's business is an important initial planning in performing external
audit. Planning is an important audit concept to ensure that the audit will be successful.
Therefore, ratio calculation is a tool that can be used at the planning stage to enhance the
auditor's understanding of their client and to assess the risk of financial misstatement.
The following are the auditor's calculation of several key ratios for Jati Berhad.
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel G Short, George Kanaan, Maureen Sterling
6th Canadian edition
73208140, 1259105695, 978-1259105692
