Câu 239: AUD: CPA Auditing and Attestation Exam

Which of the following procedures is usually the first step in reviewing the financial statements of a nonissuer?

1. A. Make preliminary judgments about risk and materiality to determine the scope and nature of the procedures to be performed.
2. B. Obtain a general understanding of the entity's organization, its operating characteristics, and its products or services. — đáp án hiện tại
3. C. Assess the risk of material misstatement arising from fraudulent financial reporting and the misappropriation of assets.
4. D. Perform a preliminary assessment of the operating efficiency of the entity's internal control activities.