Refer to the Auditing in Practice feature Performing Appropriate Substantive Procedures in the Revenue Cycle: The Case

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Refer to the Auditing in Practice feature "Performing Appropriate Substantive Procedures in the Revenue Cycle: The Case of Kyoto Audit Corporation." What substantive procedures did Kyoto not perform appropriately? If such procedures are not performed appropriately, will the client's financial statements be misstated? Explain your answer.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Auditing a risk based approach to conducting a quality audit

ISBN: 978-1133939153

9th edition

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

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