Managements responsibility for the financial statements includes: (a) Selecting internal controls tests. (b) Selecting samples for audit

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Management’s responsibility for the financial statements includes: 

(a) Selecting internal controls tests. 

(b) Selecting samples for audit testing. 

(c) Selecting and applying appropriate accounting policies. 

(d) Selecting experts to assist with testing asset valuations.

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 Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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