Question: wHICH OF THE FOLLWING IS A REASON THAT THE AUDITOR OBTAINS AN UNDERSTANDING OF THE CLIENT'S INTERNAL CONTROL OVER FINANCIAL REPORTING? a: this understanding is
wHICH OF THE FOLLWING IS A REASON THAT THE AUDITOR OBTAINS AN UNDERSTANDING OF THE CLIENT'S INTERNAL CONTROL OVER FINANCIAL REPORTING?
a: this understanding is required by professional auditing standards
b: understanding of internal control is needed to properly plan the audit
c. this understanding helps an auditor assess a client's risks of material misstatement
d: all of the above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
