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Which of the following is NOT a procédure that audit firm should perform before accepting an audit client, particularly a high-risk client? O Procedure is to ascertain the nature of the job offered O O Procedure about how the company generates revenue/income Procedure about how the company recruit internal auditor O Procedure about the company expenses and how they are paid

Which of the following is NOT a procédure that audit firm should perform before accepting an audit client, particularly a high-risk client? O Procedure is to ascertain the nature of the job offered O O Procedure about how the company generates revenue/income Procedure about how the company recruit internal auditor O Procedure about the company expenses and how they are paid

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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QUESTION 10 • Which of the following is NOT a procédure that audit firm should perform before accepting an audit client, particularly a high-risk client? O Procedure is to ascertain the nature of the job offered O Procedure about how the company generates revenue/income Procedure about how the company recruit internal auditor O Procedure about the company expenses and how they are paid QUESTION 11 In testing for the controls, which of the following is not a requirement. selecting samples of transactions and obtaining supporting documents as well Must test all the computer access controls as well Must select and review the entire company documents as well. Must review another client complaint as well.
Transcribed Image Text:QUESTION 10 • Which of the following is NOT a procédure that audit firm should perform before accepting an audit client, particularly a high-risk client? O Procedure is to ascertain the nature of the job offered O Procedure about how the company generates revenue/income Procedure about how the company recruit internal auditor O Procedure about the company expenses and how they are paid QUESTION 11 In testing for the controls, which of the following is not a requirement. selecting samples of transactions and obtaining supporting documents as well Must test all the computer access controls as well Must select and review the entire company documents as well. Must review another client complaint as well.
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