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Author Question: In order to obtain an understanding of the client's business, the audit firm will consider (Read 57 times)

mccallkeeler

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on: Aug 21, 2022

Question 1

Auditors should understand client objectives related to
◦ reliability of financial reporting.
◦ effectiveness and efficiency of operations.
◦ compliance with laws and regulations.
◦ All of these.

Question 2

In order to obtain an understanding of the client's business, the audit firm will consider
◦ inherent and control risk of the client.
◦ audit risk to the CPA firm.
◦ the client's business risk and the risk of material misstatements in the financial statements.
◦ the CPA firm's potential ongoing revenue from the audit client.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by mccallkeeler on Aug 21, 2022

MajorWaffle

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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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mccallkeeler

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

isabelt_18

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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