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Q:

Why might understanding the characteristics and components of the high-level model of business in each of these areas be important for a financial statement auditor?

belongs to book: AUDITING & ASSURANCE SERVICES | A Systematic Approach|William F.Messier, Steven M.Glover, Douglas F. Prawitt|10th Edition| Chapter number:2| Question number:2.15

Ibrahimhamm
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2022-06-28
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Why might understanding the characteristics and components of the high-level model of business in each of these areas be important for a financial statement auditor?

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Ibrahimhamm
2022-06-28
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It is important that the auditor obtain a firm understanding of these components in order to understand relevant risks and to plan the nature, timing, and extent of the audit so that it is efficient and effective.

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Why might understanding the characteristics and components of the high-level model of business in each of these areas be important for a financial statement auditor? | Accounting Accounting question

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