Which of the following does an auditor least
likely perform in assessing audit risk?
a. Understand the economic substance of
significant transactions completed by the
client.
b. Understand the entity and the industry in
which it operates.
c. Gather audit evidence in support of
recorded transactions.
d. Obtain an understanding of the client's
system of internal contro
likely perform in assessing audit risk?
a. Understand the economic substance of
significant transactions completed by the
client.
b. Understand the entity and the industry in
which it operates.
c. Gather audit evidence in support of
recorded transactions.
d. Obtain an understanding of the client's
system of internal contro