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Title: In performing the audit of internal control over financial reporting, the auditor emphasizes ... Post by: lcard044 on Jul 24, 2022 In performing the audit of internal control over financial reporting, the auditor emphasizes internal control over classes of transactions because
▸ the accuracy of accounting system outputs depends heavily on the accuracy of inputs and processing. ▸ the class of transaction is where most fraud schemes occur. ▸ account balances are less important to the auditor then the changes in the account balances. ▸ classes of transactions tests are the most efficient manner to compensate for inherent risk. Title: In performing the audit of internal control over financial reporting, the auditor emphasizes ... Post by: latoya86 on Jul 24, 2022 Content hidden
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