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minaebied minaebied
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A year ago
Which of the following would generally not be a component of the audit of the acquisition and payment cycle?

▸ adequacy of controls over acquisitions of long-lived assets

▸ tracing disposals of long-lived assets to the fixed asset master file

▸ determining the adequacy of the funds available for capital expenditures

▸ reperformance of recorded depreciation expense
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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john a.john a.
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A year ago
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