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:

Stereochemical Detail

Information pertaining to the spatial arrangement of atoms within a molecule, including aspects of chirality, conformation, and configuration.

Organic Product

A chemical compound primarily made of carbon atoms, produced as a result of organic reactions.

Regio-

Refers to the specific region or orientation of atoms or groups in a molecule during a chemical reaction.

Mechanism

A detailed explanation of the step-by-step process by which chemical reactions occur.