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Home Q & A Board Other Fields Homework Help Business Accounting
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Cadish Cadish
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6 years ago
How is lack of understanding of a client's knowledge and industry linked to the auditor's business risk?
A) sales and collection processes need to be carefully documented so that the auditor can assess the value of accounts receivable
B) failure to fully understand the nature of the client's transactions could result in litigation should the client fail
C) the auditor may not be adequately trained to understand the nature of the client's business, conducting a poor quality audit
D) there may not be sufficient expertise assigned to the audit engagement, resulting in a lack of understanding of complex issues
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Auditing: The Art and Science of Assurance Engagements, Canadian Edition

Auditing: The Art and Science of Assurance Engagements, Canadian Edition


Edition: 12th
Authors:
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Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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inthe80sinthe80s
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6 years ago
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Cadish Author
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5 years ago
Awesome helper Smiling Face with Open Mouth
Auditing: The Art and Science of Assurance Engagements, Twelfth Canadian Edition, 12/E (Arens, Elder, Beasley, Splettstoesser)
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