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SAS 106 - audit procedure that should be performed to gain understanding of entity and its environment (internal control) is INQUIRY
Consists of seeking info of knowledgeable persons
inquiries are generally made of
board of directors
parties outside the entity (attorneys, valuation experts)
Not just used at beginning, but throughout the audit and w/ other audit procedures
provide info not previously known
causes auditors to modify audit procedures
or perform additionla audit procedures
inquiry should be combined w/ other audit procedures
ordinarily not sufficient alone
qualifications of individual being questioned
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