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Home Q & A Board Other Fields Homework Help Business Accounting
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lythong266 lythong266
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A year ago
When testing the controls for the completeness transaction-related audit objectives,

▸ failure to record the acquisition of goods or services will generally understate net income.

▸ failure to record the acquisition of goods or services has no impact on the balance sheet.

▸ it is generally easy for the auditor to determine whether unrecorded transactions exist.

▸ the audit time for accounts payable can be reduced if the client has effective internal controls and the auditor properly tests those controls.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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ssong07ssong07
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A year ago
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lythong266 Author
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A year ago
Good timing, thanks!
acaruso
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
jasonbourne
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2 hours ago
Thanks
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