Question: 1 . Audit _ _ _ _ _ _ _ begins with determining the requirements for the engagement. 2 . _ _ _ _ _
Audit begins with determining the requirements for the engagement.
assessment procedures are performed when obtaining an understanding of the client.
risk is the risk of material misstatement of an assertion without considering internal control.
Tests of controls are performed to determine whether key controls operate
The final step of an audit is issuing the audit
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