A formal budgeting process tied to the acquisition of long-lived assets is a management activity but is

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A formal budgeting process tied to the acquisition of long-lived assets is a management activity but is not a control over long-lived assets. 

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Auditing A Risk Based Approach

ISBN: 9780357721872

12th Edition

Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg

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