The Auditors' Understanding Established with a Client Should Be Confirmed

question 62

Multiple Choice

The auditors' understanding established with a client should be confirmed through a(an) :

• A)Oral communication with the client.
• B)Written communication with the client.
• C)Written or oral communication with the client.
• D)Completely detailed audit plan.

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Definitions:

IAS 41

An international accounting standard that prescribes the accounting treatment and reporting of agricultural activity.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Biological Transformation

The processes of growth, degeneration, production, and procreation that cause qualitative or quantitative changes in a biological asset.