An Auditor Obtains Knowledge About a New Client's Business and Its

question 7

Multiple Choice

An auditor obtains knowledge about a new client's business and its industry in order to:

• A)make constructive suggestions concerning improvements to the client's internal control.
• B)develop an attitude of professional scepticism concerning management's financial report assertions.
• C)evaluate whether the aggregation of known misstatements causes the financial report taken as a whole to be materially misstated.
• D)understand the events and transactions that may have an effect on the client's financial report.

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Definitions:

Carbohydrates

Essential nutrients found in foods and drinks that provide energy for the body, including sugars, starches, and fibers.

Physical Activity

Any physical action generated by the contraction of skeletal muscles that leads to the consumption of energy, encompassing activities performed during work, play, household tasks, commuting, and leisure activities.

ACSM Guidelines

Recommendations set forth by the American College of Sports Medicine regarding physical activity and exercise for health and fitness.

Muscle Fitness Training

Exercise routines designed to increase muscle strength, endurance, and mass through resistance and weight training.