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Information sources for an auditor to develop expectations

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What sources of information can an auditor use to develop expectations? Give examples.

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Solution Summary

The solution lists 10 sources of information an auditor may use to develop expectations in the audit planning process.

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When you say 'develop expectations', I assume that to mean that in auditing planning, the auditors develop expectations about what they expect to confirm with regard to the fair presentation of the financial statements of a client.

Normally audit clients have internally prepared financial statements that must be tested. ...

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