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With respect to understanding the client's revenue process, it is particularly important that the auditor O makes some preliminary inquiries with the client's attorney O
With respect to understanding the client's revenue process, it is particularly important that the auditor O makes some preliminary inquiries with the client's attorney O uses accounting standards as an optional guide to determining what the client should be recording O examines other firms within the client's industry to determine acceptable practices O be knowledgeable about the entity, how the entity earns revenues, and particular revenue recognition issues that may be relevant to the entity
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