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The solution contains the answers to 40 multiply choice auditing related questions. Subjects include: preliminary judgment about materiality, fraud risk factor, financial statement assertions, Professional skepticism , GAAP, internal control, control risk, audit evidence and statistical vs. non-statistical sampling. Additional explanations and references to accounting reference sites are provided.
In today's world what would happen to a company that looks at accounting as a necessary evil and audits as a pure waste of time?
How should the Senior officers of a corporation respond to questions from Board Members, Stockholders and External auditors?
How many accounting methods can you think of that can be used by Corporations other than GAAP?View Full Posting Details