Question: Understanding the client is required when conducting an audit. Which of the following are required procedures the auditor must perform to do this? A. Make

Understanding the client is required when conducting an audit. Which of the following are required procedures the auditor must perform to do this?

A. Make inquiries of financial staff only.

B. Make inquiries of both financial and non-financial staff.

C. Perform analytical procedures.

D. Perform observation only.

E. Perform observation and inspection.

F. Obtain invoices for significant transactions.

G. Issue an engagement letter.

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