Which of the following is not a reason that the auditor must gain an understanding of the client's internal control system?
a. Better understand the client, its risks, and how it manages those risks.
b. Assess control risk and identify the types of financial statement misstatements that are most likely to occur.
c. Plan direct tests of account balances to determine if misstatements have occurred.
d. All are reasons why auditors must gain an understanding of the client's internal control system.
d
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A. ISP B. URL C. ASP D. VPN E. DSL
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A. trade restrictions. B. military-oriented purchases. C. government regulations. D. entrepreneurs and innovators. E. government planners.
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