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When planning a review of an audit client's interim financial statements, which of the following procedures should the accountant perform to update the accountant's knowledge about the entity's business and its internal control? A. Perform analytical procedures on selected accounts by comparing the interim amounts to the amounts for the previous audited fiscal year-end. B. Inquire of the entity's outside legal counsel about the status of a previous pending litigation and any new litigation involving the entity. C. Select a sample of material revenue transactions occurring during the interim period and examine supporting documentation. D. Consider the results of audit procedures performed with respect to the current year's financial statements. |
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