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Q. Written inquiries for financial information?
Inquiry - A procedure which comprises seeking information both financial and non-financial, of knowledgeable persons throughout the company. It is used extensively throughout audit and frequently is complementary to performing other procedures. Inquiries may range from formal written inquiries to informal oral inquiries.
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Review - Accounting service which provides some assurance as to reliability of financial information. In a review, a CERTIFIED PUBLIC ACCOUNTANT (CPA) doesn't conduct an examinatio
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