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Homework answers / question archive / Ohio State University ECON 305 Other Related Topics Audit of Litigations, Claims and Assessments 1)The auditor should carry out procedures in order to become aware of any litigation and claims involving the entity which may have a material effect on the financial statements
Ohio State University
ECON 305
Other Related Topics
Audit of Litigations, Claims and Assessments
1)The auditor should carry out procedures in order to become aware of any litigation and claims involving the entity which may have a material effect on the financial statements. Such procedures least likely include
This study source was downloaded by 100000826172635 from CourseHero.com on 05-25-2021 00:12:35 GMT -05:00
This study source was downloaded by 100000826172635 from CourseHero.com on 05-25-2021 00:12:35 GMT -05:00
|
a. |
b. |
c. |
d. |
Nature of audit procedures |
Yes |
Yes |
Yes |
No |
Timing of audit procedures |
Yes |
No |
No |
No |
Extent of audit procedures |
Yes |
No |
Yes |
No |
|
If the independent auditors decide that the work performed by the internal auditor may have a bearing on their procedures, he should consider the auditor’s competence and objectivity
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Analytical Procedures – PSA 520
This study source was downloaded by 100000826172635 from CourseHero.com on 05-25-2021 00:12:35 GMT -05:00
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