How is it helpful to an auditor to apply the assertions to the classes of transactions, account
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How is it helpful to an auditor to apply the assertions to the classes of transactions, account balances, and disclosures in the financial statements? Discuss how assertions are useful in the risk assessment step (step i) and the response to assessed risk step (step ii) of the audit process.
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The assertions provide a very powerful conceptual tool for planning and performin...View the full answer
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Related Book For 
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
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