Continuing clients business for planning an audit

Assignment Help Financial Accounting

Reference no: EM13749726

Which of the following provides the best method of obtaining an understanding of a continuing client's business for planning an audit?

Performing tests of details of transactions and balances

Reviewing prior year audit documentation and the permanent file for the client

Reading specialized industry journals

Reevaluating the client's internal control environment

Reference no: EM13749726

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