Question: 1. Why does an auditor need to determine if they want to accept the audit of the potential client? 2. How would you gain a

1. Why does an auditor need to determine if they want to accept the audit of the potential client?

2. How would you gain a thorough understanding of the clients business and industry? Why is this step important in the planning process? What information would auditors gather to gain a basic understanding of the clients business and industry?

3. How do auditors gain an understanding of the internal control?

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