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Why Must Auditors Gain an Understanding of Their Client at the Start

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Why must auditors gain an understanding of their client at the start of every audit?


Definitions:

Membership

Being a part of a group, organization, or club, often involving certain rights, benefits, and responsibilities.

Madison

James Madison, the fourth President of the United States (1809-1817), known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution and the Bill of Rights.

Foreign Affairs

Activities, policies, and relations a country conducts with other countries or international organizations, dealing with diplomacy, trade, and security issues.

Aggressive Tactics

Strategies or actions characterized by forcefulness or boldness intended to achieve a specific goal, often used in military, sports, or business contexts.

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