In What Order Should the Following Steps Occur

question 76

Multiple Choice

In what order should the following steps occur?
A. assess client business risk
B. understand the client's business and industry
C. perform preliminary analytical procedures
D. assess acceptable audit risk

• A) D, B, C, A
• B) B, A, D, C
• C) B, D, A, C
• D) D, C, B, A

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Definitions:

Slowdown

is a decrease in speed or performance, often deliberately used as a form of protest or to signal dissatisfaction among workers.

Enthusiasm

Intensity of interest; the passion one has for a purpose or task; a leadership quality that ignites the interest and energy of others.

Statecraft

Statecraft refers to the skillful management of state affairs and the strategic practice of diplomacy and governance.

Theater

A branch of the performing arts that involves live performances by actors, presenting stories in front of an audience.