When gaining an understanding of the client, the auditor will consider: a. related party identification. b. the appropriateness of the client’s system of internal controls to mitig... When gaining an understanding of the client, the auditor will consider: a. related party identification. b. the appropriateness of the client’s system of internal controls to mitigate identified business risk. c. controls over the technology used to process and store data electronically. d. All of the answer choices are correct.
Understand the Problem
The question is asking which considerations an auditor will take into account when gaining an understanding of a client, presenting several options for assessment.
Answer
d. All of the answer choices are correct.
The final answer is d. All of the answer choices are correct.
Answer for screen readers
The final answer is d. All of the answer choices are correct.
More Information
When gaining an understanding of a client, auditors examine various aspects such as related party identification, internal control systems, and technology controls to comprehensively assess risks.
Sources
- Solved When gaining an understanding of the client, the | Chegg.com - chegg.com
- Chapter 4.1 (pdf) - CliffsNotes - cliffsnotes.com
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