Among the wide array of audit procedures being performed by auditors, which of the following is/are mainly related to gaining an understanding of the client? Select all that apply. Conducting a walkthrough around the client's facilities to observe how products are made Sending positive and negative accounts receivable confirmations to client customers Reading minutes of meetings to look for key issues and strategic initiatives being discussed Testing whether bank statement reconciliations are properly prepared, reviewed, and approved

Among the wide array of audit procedures being performed by auditors, which of the following is/are mainly related to gaining an understanding of the client? Select all that apply. Conducting a walkthrough around the client's facilities to observe how products are made Sending positive and negative accounts receivable confirmations to client customers Reading minutes of meetings to look for key issues and strategic initiatives being discussed Testing whether bank statement reconciliations are properly prepared, reviewed, and approved

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 39CYBK

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