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    Procedures for initial planning of financial statement audit

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    Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?

    a) obtaining a written representation letter from the client's management

    b) examining documents to detect illegal acts having a material effect on the financial statements

    c) considering whether the client's accounting estimates are reasonable in the circumstances

    d) determining the extent of involvement of the client's internal auditors

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    d) determining the extent of involvement of the client's internal auditors

    This is the ...

    Solution Summary

    This solution provides the correct answer with explanation to the following multiple choice practice question:

    Which of the following procedures would an auditor most likely include in the initial planning of a financial statement audit?

    a) obtaining a written representation letter from the client's management

    b) examining documents to detect illegal acts having a material effect on the financial statements

    c) considering whether the client's accounting estimates are reasonable in the circumstances

    d) determining the extent of involvement of the client's internal auditors

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