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dove298 dove298
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A year ago
Why does the auditor divide the financial statements into segments around the financial statement cycles?

▸ Most auditors are trained to audit cycles as opposed to entire financial statements.

▸ The approach aids in the assignment of tasks to different members of the audit team.

▸ The cycle approach is required by auditing standards.

▸ The cycle approach allows the auditor to detect illegal acts.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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CodybarnesCodybarnes
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A year ago
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