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Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit? Multiple Choice Reading specialized

Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?

Multiple Choice

  • Reading specialized industry journals.

  • Reevaluating the client's internal control environment.

  • Performing tests of details of transactions and balances.

  • Reviewing prior year audit documentation and the permanent file for the client.

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