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KNOWLEDGE CHECK

Audit
Audit risk assessment

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* What is NOT included in obtaining an understanding of the client and its environment as part of risk assessment?

The entity’s selection and application of accounting policies.

The entity’s objectives, strategies, and related business risks.

The entity’s internal control relevant to the audit.

The background and qualification of the entity's officers.

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KNOWLEDGE CHECK

Audit Audit risk assessment

Audit Audit risk assessment

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Audit
Audit risk assessment

Audit
Audit risk assessment