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    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 5: Professional Auditing Standards and the Audit Opinion Formulation Process
  5. Question
    Developing an Understanding of the Client's Business and Industry Is
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Developing an Understanding of the Client's Business and Industry Is

Question 24

Question 24

True/False

Developing an understanding of the client's business and industry is essential to proficiency as discussed in the PCAOB's general standards.

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