A client's corporate governance structure is assessed when planning an audit.

Name: A client's corporate governance structure is assessed when planning an audit.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is important for auditors to understand the client's corporate governance structure as it helps them identify key decision-makers, potential risks and issues related to financial reporting, and controls in place to mitigate those risks. This information is critical in planning and executing an effective audit.

A Client's Corporate Governance Structure Is Assessed When Planning an Audit