What Is the First Phase in an Audit

question 118

Multiple Choice

What is the first phase in an audit?

• A)Client acceptance or client continuance.
• B)Understanding the client.
• C)Understanding internal controls.
• D)Testing of account balances.

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Definitions:

Dialectical Philosophers

Thinkers who use the dialectical method of logic, reasoning, and contradiction to explore and understand philosophical issues.

Causality

The relationship between cause and effect where one event leads to the outcome of another.

Symbolically Powerful

Describes entities or concepts that hold significant influence or power within a culture or society through symbolic meaning or representation.

Emancipatory Subject

A concept in critical theory and sociology referring to individuals or groups seeking to achieve social liberation and freedom from oppressive structures.