Question: Why does the auditor divide the financial statements into segments around the financial statement cycles? The cycle approach is required by auditing standards. Most auditors

Why does the auditor divide the financial statements into segments around the financial statement cycles?
The cycle approach is required by auditing standards.
Most auditors are trained to audit cycles as opposed to entire financial statements.
The approach aids in the assipument of tasks to different members of the audit team.
Why does the auditor divide the financial

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