When auditing the existence assertion for an asset, auditors proceed from the a. Financial statement amounts back
Question:
a. Financial statement amounts back to the potentially unrecorded items.
b. Potentially unrecorded items forward to the financial statement amounts.
c. General ledger back to the supporting original transaction documents.
d. Supporting original transaction documents to the general ledger.
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a Incorrect It is not possible find an unrecorded item by looking at the amounts t...View the full answer
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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