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Notes 9.27 - the financial statements Case 9.6 1 Credit...

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Assess control risk for every audit objective, need to gather evidence for each Inherent risk can be assessed at cycle/transaction level – more control risk assessments 100’s of audit objectives based of 5-6 cycles Only 1 AAR – risk is assessed for the entire audit, SEC client vs. private company, who is using
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Unformatted text preview: the financial statements Case 9.6 1. Credit approval – occurrence, existence, realized value 2. Pricing – accuracy => realized value Define the population – what are you testing? Population of credit sales...
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