During your audit of the Long-Term Debt and Owners Equity accounts, you notice several adjusting journal entries
Question:
a. Identify several questions that you should ask management regarding the entries.
b. Describe two possible scenarios to explain the entries that involve adjustments associated with error corrections.
c. Describe two possible scenarios that involve fraud to explain the entries.
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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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