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Explain why auditor needs to understand the client business

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Reference no: EM132797266

Problem 1: Identify five mandatory items that must be included in an audit engagement letter.

Problem 2: List four planning activities outlined in ASA 300 (ISA 300) that the auditor needs to consider prior to the performance of detailed audit procedures.

Problem 3: Explain why an auditor needs to understand the client's business.

Reference no: EM132797266

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