When conducting an error analysis, what must a CPA consider? Why? What might happen if these items are not taken into consideration?© BrainMass Inc. brainmass.com June 4, 2020, 12:21 am ad1c9bdddf
A CPA must consider many areas when conducting an error analysis. These are as follows.
They need to look at balance sheets, income statements, counterbalancing, and non-counterbalancing. All of these are important when it comes to accounting because a person has to avoid fines, fraud, and seek to obey various laws when it comes to ...
This solution provided what a CPA must consider when conducting an error analysis, and what could occur if the items are taken into consideration.