The following list includes common auditing procedures. For each procedure: (1) describe the procedure; (2) identify the

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The following list includes common auditing procedures. For each procedure:

(1) describe the procedure;

(2) identify the primary financial statement assertion, such as existence, for which the procedure might be used to achieve a related specific audit objective;

(3) give an example of the application of the procedure to a particular account balance.

a. Physical examination

b. Confirmation

c. Vouching

d. Tracing e Scanning

f. Inquiry g. Analytical procedures

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Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice

ISBN: 9780070099999

5th Edition

Authors: Mcgraw-Hill

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Question Posted: May 09, 2024 04:00 AM

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The following list includes common auditing procedures. For each procedure: (1) describe the procedure; (2) identify the

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a Physical examination 1 Procedure Physical examination involves the auditor inspecting tangible assets or documents It may include counting inventory inspecting property or equipment or reviewing sup...View the full answer

Auditing Concepts And Methods A Guide To Current Auditing Theory And Practice

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