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

question 1

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 skepticism concerning management's financial statement assertions.
• C) Evaluate whether the aggregation of known misstatements causes the financial statements taken as a whole to be materially misstated.
• D) Understand the events and transactions that may have an effect on the client's financial statements.

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Definitions:

Active Voice

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First Drafts

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Publishing Company

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Topic Sentences

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