List the management reports that can be used for audit evidence. What information in them can be useful to auditors?
Answer to relevant QuestionsWhat are some controls that might prevent the embezzling of cash by creation of fictitious supplier invoices? List key substantive audit procedures used to address the inventory valuation assertion.Explain dual-direction sampling in the context of inventory test counts. Auditors plan their audit procedures to gather evidence about management’s assertions in the financial statements. In addition to the broad assertions, such as existence and completeness, specific assertions are made for ...The Runge Controls Corporation manufactures and markets electrical control systems: temperature controls, machine controls, burglar alarms, and the like. Electrical and semiconductor parts are acquired from outside vendors, ...
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