Kaz Nowakowski performed several procedures, including observation and inspection of the company's plans and business strategies. He also made inquiries of those individuals that were
Involved in the governance of the company, the internal auditors, and operating personnel.
These procedures will help Kaz to
A) determine fraud possibilities.
B) prepare year end closing procedures.
C) gain an understanding of the client.
D) none of the above

Question

Quizplus · Accepted Answer

The procedures performed by Kaz Nowakowski help him gain an understanding of the client, which is essential for planning the audit and identifying potential risks and issues that need to be addressed. While these procedures may help in detecting fraud possibilities, this is not their primary purpose. Similarly, year-end closing procedures are unrelated to the work performed by Kaz Nowakowski.

Kaz Nowakowski Performed Several Procedures, Including Observation and Inspection of the Company's