Understanding the entity
B200 Understanding the entity and its environment helps you obtain an understanding of the entity and its environment as well as identify possible sources of risk. Based on the responses you select for procedures in B200, extra worksheets and checklists become available in the Documents page for you to complete.
If you have selected High online collaboration in A100 Optimizer checklist - Initial Engagement Decisions, B200Q Understanding the entity and its environment - Query becomes available. Use this document to request important information about the entity. Client responses provided in this query can help you better understand the entity (and its environment) and identify possible sources of risk.
Refer to Collect information from the client for information on how to send a query.
Use B300 Understanding of the components of the entity's system of internal control to help you gain an understanding of the components of the entity's system of internal controls relevant to the preparation of financial statements.