A tour of the client's facilities is helpful in obtaining a better understanding of the client's business operations because it may indicate
A) reasons not to accept the engagement.
B) areas of increased audit risk.
C) areas of increased client business risk.
D) areas of increased inherent risk.
Correct Answer:
Verified
Q21: One of the first things that the
Q22: One means of informing the client that
Q23: Which of the following characteristics of the
Q24: Which of the following is NOT indicative
Q25: The predecessor auditor is required to respond
Q27: How does the auditor usually obtain knowledge
Q28: When considering the desirability of staff continuity
Q29: The auditor should understand the client's business
Q30: What is the purpose of an engagement
Q31: The auditor needs to understand the control
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