Which of the Following Provides the Best Method of Obtaining

question 56

Multiple Choice

Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?

• A)Performing tests of details of transactions and balances.
• B)Reviewing prior year audit documentation and the permanent file for the client.
• C)Reading specialized industry journals.
• D)Reevaluating the client's internal control environment.

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Definitions:

Bats

Mammals capable of true flight, known for their echolocation abilities and diversity across global ecosystems.

Moths

Insects related to butterflies belonging to the order Lepidoptera, known for their nocturnal habits and in some cases, significance as pollinators or pests.

Narrow Range

Describes a limited spread or scope, often referring to a small diversity or variability within a specific parameter.

Temperatures

A measure of the warmth or coldness of an environment or object, typically expressed in degrees of a specified scale like Celsius or Fahrenheit.