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Audit Simulation > Engagement > Flashcards

Flashcards in Engagement Deck (3):
1

If asked to review of interim F/S (where annual F/S are audited) a review procedure would add

Obtaining an understanding of I/C and Communication with predecessor (if initial review of Interim)

2

Review includes

Inquiries and analytical procedures

3

Investees subsidiaries, obtain reports from other accountant

Audit and Review