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futurenurse15 futurenurse15
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A year ago
The cycle approach to auditing

▸ ties to the way transactions are recorded in journals and then summarized in the general ledger and financial statements.

▸ cannot combine transactions recorded in different journals with the general ledger balances that result from those transactions.

▸ is the only way of segmenting an audit.

▸ assumes that each account has two or more cycles associated with it.
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Auditing and Assurance Services

Auditing and Assurance Services


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greiner76greiner76
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futurenurse15 Author
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Brilliant
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You make an excellent tutor!
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This site is awesome
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