Question: Obtaining an understanding of an entity's internal control is more likely to be performed more extensively in the audit of specialized industries than in other industries. Above statement is true or false?

Contemporary Auditing
11th Edition
ISBN:9781337650380
Author:KNAPP
Publisher:KNAPP
Chapter2: Audits Of High-risk Accounts
Section2.1: Jack Greenberg, Inc.
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Question: Obtaining an understanding of an entity's internal control is more
likely to be performed more extensively in the audit of specialized industries
than in other industries.
Above statement is true or false?
Transcribed Image Text:Question: Obtaining an understanding of an entity's internal control is more likely to be performed more extensively in the audit of specialized industries than in other industries. Above statement is true or false?
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