Briefly discuss each of the components of the high- level model of business offered in the chapter

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Briefly discuss each of the components of the high- level model of business offered in the chapter (i.e., objectives, strategies, processes, etc.). Why might understanding the characteristics of an entity’s business in each of these areas be important for a financial statement auditor?

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Auditing and Assurance Services A Systematic Approach

ISBN: 978-1259162343

9th edition

Authors: William Messier, Steven Glover, Douglas Prawitt

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