What is the purpose of journal entry testing?
Answer to relevant QuestionsWhat are the advantages of using a computer assisted audit tool?Explain the basis of presentation of a personal income statement and how it differs from GAAP.1. What is the value of the statement of cash flows?a. Easy to structureb. Difficult to manipulatec. Regimented in its layoutd. Interpreted by CPAs2. Preparing a statement of cash flows is an excellent test of a forensic ...Go to www.sec.gov and obtain WorldCom’s Form 10- K405 for 2001. Using the income statement found on page F- 2 and the balance sheet found on page F- 3 of the 10- K405 form:a. Prepare a common- size balance sheet and ...Why are accounting principles important to financial statement integrity?
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