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Author Question: The first phase in planning an audit and designing an audit approach is to (Read 31 times)

kckanistras

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on: Aug 21, 2022

Question 1

The auditor uses knowledge gained from the understanding of the client's business and industry to assess
◦ client business risk.
◦ control risk.
◦ inherent risk.
◦ audit risk.

Question 2

The first phase in planning an audit and designing an audit approach is to
◦ accept the client and perform initial audit planning.
◦ set the preliminary judgment of materiality.
◦ understand the client's business and industry.
◦ perform preliminary audit procedures.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by kckanistras on Aug 21, 2022

koung719

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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kckanistras

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

essyface1

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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