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The Primary Purpose of Obtaining an Understanding of the Company's

Question 1

Multiple Choice

The primary purpose of obtaining an understanding of the company's internal controls in the financial statement audit is:


A) To help the auditors develop the audit program
B) Make suggestions to management to improve internal controls.
C) Obtain direct sufficient appropriate audit evidence to afford a reasonable basis for an opinion on the financial statements.
D) To determine whether the company has changed any accounting principles.

Correct Answer:

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