During your audit of the cash and investment accounts, you notice several adjusting entries in the accounts
Question:
a. Identify several questions that you should ask management regarding the entries.
b. Describe three possible scenarios to explain the entries that involve adjustments associated with error corrections.
c. Describe three possible scenarios to explain the entries that involve fraudulent entries.
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a What is the nature of the adjustment Why was it made How was the amount calculated For any adjustm...View the full answer
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Related Book For
Auditing and Assurance Services An Applied Approach
ISBN: 978-0073404004
1st edition
Authors: Iris Stuart
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