Auditors obtain knowledge about a new clients business and, Ask an Expert

Accounting

1. Auditors obtain knowledge about a new client's business and its industry to understand the events and transactions that may have an effect on the client's financial statements and the development of the audit plan? True/False? Why

2) Use of analytical procedures are usually effective and efficient to test internal controls? True/False? Why?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9433748

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