What is a compensating balance? How does the auditor become aware of the existence of compensating balances?

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Auditing a business risk appraoch

ISBN: 978-0324375589

6th Edition

Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston

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Question Posted: Dec 29, 2012 06:21 AM

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What is a compensating balance? How does the auditor become aware of the existence of compensating balances?

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A compensating balance is a balance that must be left in the c...View the full answer

Auditing a business risk appraoch

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