Audit Acceptance

Essay specific features

 

Issue:

Business

 

Written by:

Henry C

 

Date added:

July 3, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 336

 

Was viewed:

5385 times

 

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Essay content:

On every audit, you will gain an understanding of internal control that allows you to evaluate its design and determine whether controls are being used at the entity. Using Your Understanding of the Client, Its Environment, and Its Internal Control As you gather information, you will begin to form an understanding of the client and how the specific conditions and circumstances pertaining to their business may affect the preparation of the client’s financial statements...
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As you become knowledgeable about your client, you typically will discover you need additional information to gain an understanding that is sufficient enough to enable you to assess the risk of material misstatement. Thus, the gathering of information and creation of knowledge about your client is a continuous, nonlinear process...
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