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The auditor's understanding of the information system relevant to financial reporting should include which of the following? (i) Significant classes of transactions (ii) Management's selection
The auditor's understanding of the information system relevant to financial reporting should include which of the following? (i) Significant classes of transactions (ii) Management's selection and application of accounting policies (iii) Controls surrounding non-standard journal entries (iv) How events and conditions other than transactions are captured Please solect the right answer. Sorry, your answer was not correct! (i). (iii) and (iv) (i) and (ii) only (iii) and (ivi) only (i) and (iv) only
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