The auditor decided to examine 100 percent of the invoices supporting additions to property and equipment. Several

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The auditor decided to examine 100 percent of the invoices supporting additions to property and equipment. Several months after the audit was completed and the audit report was issued, significant amounts of expenditures were discovered to have been charged to the property and equipment accounts instead of repairs expense. Explain how the auditor could have overlooked these misclassifications.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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