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When conducting an error analysis, what must a CPA consider? Why? What might happen if these items are not taken into consideration?

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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 ...

Solution Summary

This solution provided what a CPA must consider when conducting an error analysis, and what could occur if the items are taken into consideration.