Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
Auditing & Assurance Services: A Systematic Approach (Irwin Accounting)
10th Edition
ISBN: 9780077732509
Author: William F Messier Jr, Steven M. Glover Associate Professor, Douglas F. Prawitt Associate Professor
Publisher: McGraw-Hill Education
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Chapter 4, Problem 4.29P
To determine

Introduction: Understanding the entity and its environment is essential for an auditor as it helps in assessing the risk of material misstatements and accordingly the auditor designs necessary auditing procedures.

To ascertain: Five potential sources of information about the entity and its environment.

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