Question: Many auditors rely on a disclosure checklist when evaluating presentation and disclosure assertions. Describe the benefits of using a checklist to help in performing this

Many auditors rely on a disclosure checklist when evaluating presentation and disclosure assertions. Describe the benefits of using a checklist to help in performing this evaluation. In addition, describe the drawbacks to using a checklist and your suggestions for overcoming such drawbacks.

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Using a disclosure checklist can provide several benefits for auditors when evaluating presentation and disclosure assertions Some of the benefits include 1 Ensuring Completeness A checklist helps aud... View full answer

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