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Understanding the business in audit

  • Writer: Thomas Tsang
    Thomas Tsang
  • Mar 19, 2020
  • 1 min read

In an audit process, understand the company’s business is utmost important. It is because only when you know the business, you will know the expected items in the financial statement. Otherwise, you are exposed to risk of misstatements due to omission.

 
 
 

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