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Which of the following statements are true? I. An audit engagement does not ordinarily require tests of accounting records through inspection, confirmation and observation. II.
Which of the following statements are true?
I. An audit engagement does not ordinarily require tests of accounting records through inspection, confirmation and observation.
II. Review of historical financial information is limited assurance engagement.
III. A practitioner who is the auditor of an entity can also carry out a review engagement for the same client in the same year.
a. II and III only.
b. I and II only.
c. I and III only.
d. I, II and III only.
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