Question: During client acceptance, the auditor will perform due diligence procedures prior to proceeding with the engagement. The auditor: 1.trying to reduce audit risk to an

During client acceptance, the auditor will perform due diligence procedures prior to proceeding with the engagement. The auditor:

1.trying to reduce audit risk to an acceptably low level

2.obtains an understanding of the entity and their environment

3. identifies their own risks related to accepting the engagement

4. identifies the likelihood of detecting misstatements

one correct

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