Discuss why the principal risk associated with the audit of purchases and creditors is understatement.

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Modern Auditing

ISBN: 9780471230113

1st Edition

Authors: Graham Cosserat

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Question Posted: May 06, 2024 08:04 AM

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Discuss why the principal risk associated with the audit of purchases and creditors is understatement.

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The principal risk associated with the audit of purchases and creditors is understatement due to several factors 1 Inadequate recording There is a ris...View the full answer

Modern Auditing

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