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How is an auditor's examination affected when a client engages in significant related- party transactions? What measures should an auditor take to determine that such transactions have been properly recorded by a client?

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How is an auditor's examination affected when a client engages in significant related- party transactions?

The auditor's examination is affected because he is required to identify all transactions with related parties under AU Section 334. This also ...

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  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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