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AUDITING & ASSURANCE SERVICES | A Systematic Approach
by
William F.Messier, Steven M.Glover, Douglas F. Prawitt
Edition:
10th Edition
ISBN13:
978-0-07-773250-9
ISBN10:
495
Management
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Chapter: 8 /
Q: 8.20
Distinguish between positive and negative confirmations. Under what circumstances would positive confirmations be more appropriate than negative confirmations
Chapter: 8 /
Q: 8.21
Why Negative confirmation of accounts receivables is less effective than positive confirmation of accounts receivable
Chapter: 8 /
Q: 8.22
In evaluating the adequacy of the allowance for doubtful accounts, why an auditor most likely reviews the entity\'s aging of receivables to support management\'s financial statements
Chapter: 8 /
Q: 8.50
Define what is meant by contingent liability. What three categories are used to classify a contingent liability? give four distinct examples of contingent liabilities
Chapter: 8 /
Q: 8.51
What are the types of subsequent events relevant to financial statement audits? Give one example of each type of subsequent event that might materially affect the financial statements
Chapter: 8 /
Q: 8.53
Under what circumstances would the auditor dual date an audit report?
Chapter: 8 /
Q: 8.54
Describe the purposes of an independent engagement quality review by a quality review partner
Chapter: 8 /
Q: 8.55
What items should be included in the auditors communication with those charged with governance
Chapter: 8 /
Q: 8.56
What an auditor would be most likely to identify a contingent liability
Chapter: 8 /
Q: 8.9
Distinguish between accounting changes that affect consistency and changes that do not. To what does the word consistency refer? How is it possible for an accounting change to affect comparability but not consistency?
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