How do auditors and managements concerns differ regarding purchase discounts?

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How do auditor’s and management’s concerns differ regarding purchase discounts?

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Auditing and Assurance Services Understanding the Integrated Audit

ISBN: 978-0471726340

1st edition

Authors: Karen L. Hooks

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Question Posted: Jan 21, 2015 10:39 AM

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How do auditors and managements concerns differ regarding purchase discounts?

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Management is concerned that no purchase discounts that are supposed to be taken in accordance with company policy are missed The auditor is concerned that the amount paid for a purchase is properly recorded whether or not the discount ...View the full answer

Auditing and Assurance Services Understanding the Integrated Audit

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