In Preparing for a Repeat Engagement, the First Thing an Audit

In preparing for a repeat engagement, the first thing an audit team should do is:

A) Interview client management for any changes in the business and industry.
B) Take a tour of a client's physical facilities noting obvious inventory obsolescence or equipment maintenance issues.
C) Obtain a copy of the yearend financial statements for the current year.
D) Reviewing prior year working papers and permanent file documents.

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