Multiple Choice
Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?
A) Performing tests of details of transactions and balances.
B) Reviewing prior year audit documentation and the permanent file for the client.
C) Reading specialized industry journals.
D) Reevaluating the client's internal control environment.
Correct Answer:
Verified
Correct Answer:
Verified
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