Why does the auditor divide the financial statements into segments around the

Why does the auditor divide the financial statements

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2) Why does the auditor divide the financial statements into segments around the financial statement cycles? A) Most auditors are trained to audit cycles as opposed to entire financial statements.B) The approach aids in the assignment of tasks to different members of the audit team.C) The cycle approach is required by auditing standards.D) The cycle approach allows the auditor to detect illegal acts. 3) The most important general ledger account included in and affecting several cycles is the 4) When using the cycle approach to segmenting the audit, the reason for treating capital acquisition and repayment separately from the acquisition of goods and services is that 5) In describing the cycle approach to segmenting an audit, which of the following statements is nottrue?
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6) The cycle approach to auditing A) ties to the way transactions are recorded in journals and then summarized in the general ledger and financial statements.B) cannot combine transactions recorded in different journals with the general ledger balances that result from those transactions.C) is the only way of segmenting an audit.D) assumes that each account has two or more cycles associated with it. 7) Which balance sheet accounts are included in the payroll and personnel cycle? 1) Auditors have found that generally the most efficient and effective way to conduct audits is to
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