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  2. Topic
    Business
  3. Study Set
    Modern Auditing Assurance
  4. Exam
    Exam 12: Audit Procedures in Response to Assessed Risks: Substantive Tests
  5. Question
    Why Is the Understanding of the Client's Business and Industry
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Why Is the Understanding of the Client's Business and Industry

Question 17

Question 17

Essay

Why is the understanding of the client's business and industry important in tests of details for accounting estimates?

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Knowledge of the business and industry a...

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