In your second annual audit of a corporate client, you find a new account in the general

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In your second annual audit of a corporate client, you find a new account in the general ledger called Treasury Stock, which has a balance of $306,000. Describe the procedures you would follow to verify this item.

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Principles of Auditing and Other Assurance Services

ISBN: 978-0078025617

19th edition

Authors: Ray Whittington, Kurt Pany

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Question Posted: Oct 27, 2014 04:59 AM

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In your second annual audit of a corporate client, you find a new account in the general

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Since the Treasury Stock account was not encountered by the auditors during their first audit of the ...View the full answer

Principles of Auditing and Other Assurance Services

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