Question: List and briefly explain the typical audit steps for the following financial statement accounts: cash, receivables, inventory, investment securities, prepaid assts, property-plant-and-equipment, current payables, long-term

List and briefly explain the typical audit steps for the following financial statement accounts: cash, receivables, inventory, investment securities, prepaid assts, property-plant-and-equipment, current payables, long-term debt, owners’ equity, revenues, expenses.

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