After an analysis of the borrowed funds portion of the financial management process, an auditor might choose

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After an analysis of the borrowed funds portion of the financial management process, an auditor might choose not to perform many tests of controls but will instead concentrate on substantive tests of account balance details.

a. What unique characteristics of borrowed funds motivate an auditor to bypass such tests of controls?

b. Argue why an auditor might be better off testing controls and suggest some tests and the evidence needed to perform them.

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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Question Posted: May 03, 2024 12:54 PM

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After an analysis of the borrowed funds portion of the financial management process, an auditor might choose

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Auditing Assurance And Risk

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