During This Phase of the Audit, the Auditor Must Gain

question 162

Multiple Choice

During this phase of the audit, the auditor must gain a thorough understanding of the client's business and financial reporting systems.When completing this phase, the auditors review and assess the risks and controls related to the business.

• A)Tests of Controls
• B)Substantive Tests
• C)Audit Completion / Reporting
• D)Audit Planning

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Definitions:

Femoral

Pertaining to the thigh or femur bone, which is the longest and strongest bone in the human body.

Tibial

Pertaining to the tibia, the larger and stronger of the two bones in the lower leg.

Interneuron

A type of neuron that transmits signals between sensory neurons and motor neurons, playing a critical role in reflexes and neuronal circuits.

Sensory Neuron

A type of neuron responsible for converting external stimuli from the environment into internal electrical impulses towards the brain or spinal cord.