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Current Attempt in Progress Auditing standards require that the auditor establish an understanding with the...

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Accounting

Current Attempt in Progress
Auditing standards require that the auditor establish an understanding with the client regarding the
services to be performed for the engagement. This understanding will usually include
The auditor's preliminary judgments about materiality and audit risk.
Management's responsibility for ensuring that all significant deficiencies and material
weaknesses are addressed.
Management's responsibility to provide written representations to the auditor.
The auditor's evaluation of internal controls relevant to the audit of the financial
statements.
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