Describes why auditing can be viewed as cyclical process

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Which of the following BEST describes why auditing can be viewed as a cyclical process?

Businesses go through cycles, so auditing must go through cycles.

Historical and current information from audits can be incorporated into the risk assessment.

The audit plan is used to develop the audit schedule.

Many audit departments review the same areas each year as part of the audit plan.

Reference no: EM131134657

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