An Auditor Obtains Knowledge About a New Client's Business and Its

Multiple Choice

An auditor obtains knowledge about a new client's business and its industry in order to:

A) make constructive suggestions concerning improvements to the client's internal control.
B) develop an attitude of professional scepticism concerning management's financial report assertions.
C) evaluate whether the aggregation of known misstatements causes the financial report taken as a whole to be materially misstated.
D) understand the events and transactions that may have an effect on the client's financial report.