Question: Would the auditor have questions about a potential client having
Would the auditor have questions about a potential client having an operating location or bank account in another country when no readily apparent business purpose for the foreign location?
Answer to relevant QuestionsWhat are the auditor’s sources of information about a potential client?When does the collection of information that is used for the planning process begin? When does it end?Why might some audit procedures need to be performed exactly at the end of the fiscal year?Who can perform work that may be of value to the independent auditor?What is important to ICFR about organizational authority?
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