:$40$

EXAM TIME REMAINING

$1$

$2$

$3$

OVERVIEW

$?$

HELP

$1$

CALC.

$2345678$

SPREADSHEET

$9$

$10$

The auditor should obtain sufficient knowledge of the client's information and communication system relevant to financial reporting to understand all of the following, except:

O A$.$ Classes of transactions in the entity's operations that are significant to the financial statements, and how those

transactions are processed, from initiation to inclusion in the financial statements.

$$B$.$ The financial reporting process, including development of significant accounting estimates and inclusion of appropriate disclosures.

$$C$.$ The means the entity uses to communicate roles, responsibilities, and significant matters relating to financial reporting.

$$D$.$ Control activities related to each account balance, transaction class, and disclosure component in the financial statements or to every assertion relevant to them.