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During This Phase of the Audit, the Auditor Must Gain

Question 162

Multiple Choice

During this phase of the audit, the auditor must gain a thorough understanding of the client's business and financial reporting systems.When completing this phase, the auditors review and assess the risks and controls related to the business.


A) Tests of Controls
B) Substantive Tests
C) Audit Completion / Reporting
D) Audit Planning

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