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Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning phase enable the auditor with all of the following EXCEPT: Acquiring knowledge of the policies and procedures in place Areas or aspects of potential risks Determination of timing, scope and extent of required audit procedures Formulation of corrective action plans

Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning phase enable the auditor with all of the following EXCEPT: Acquiring knowledge of the policies and procedures in place Areas or aspects of potential risks Determination of timing, scope and extent of required audit procedures Formulation of corrective action plans

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning phase enable the auditor with all of the following EXCEPT: Acquiring knowledge of the policies and procedures in place Areas or aspects of potential risks Determination of timing, scope and extent of required audit procedures Formulation of corrective action plans 直 اكتب هنا ل لبحث TOSHIBA
Transcribed Image Text:Planning phase enables the auditor to obtain all the relevant background information to gain an understanding of the client's entity. The analytical procedures initiated by the auditor in the planning phase enable the auditor with all of the following EXCEPT: Acquiring knowledge of the policies and procedures in place Areas or aspects of potential risks Determination of timing, scope and extent of required audit procedures Formulation of corrective action plans 直 اكتب هنا ل لبحث TOSHIBA
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