Understanding the Entity and Its Environment and ... - AICPA

vant assertion is made without regard to the effect of internal controls.(Ref:par..A136) Riskassessmentprocedures.Theauditproceduresperformedto obtain an understanding of the entity and its environment,in-cluding the entity's internal control, to identify and assess the risksofmaterialmisstatement,whetherduetofraudorerror,at

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